Prima Ltd Is Engaged In Grain Milling, Poultry Farms, Chicken Processing, Property Holding, Restaurants, And Trading. The Group Has Operations In China And In Sri Lanka. The Group Runs A Baking Training Centre, Which Is Partly Funded By The National Productivity Board. Under Intense Competition And Weaker Economic Environment, The Group'S Flourmilling Operations In Singapore Incurred Losses Despite A Rise In Revenue For The 1hdec2001. The Group Attributed The Losses To The Weakening Of The Sgd Against The Usd, Which Led To Higher Raw Materials, Especially Wheat. The Intense Pressure Resulted In Lower Selling Prices Of Flour. The Food Services Operations Turned In Losses Due To The General Deterioration Of The Food Sector. The Restructuring Of Operational Policies And Outlet Mix For The Food Division Are Still On Going. Operations In Malaysia Are Still In The Gestation Period And More Outlets Are In The Offing To Achieve Economies Of Scale. The Escalating Political Conflict, Depreciation Of The Sri Lanka Rupee, High Operating Costs And Increase In Duties And Levies Has Impacted The Group'S Business Operations In Sri Lanka. Moving Forward, Operations In China Are Expected To Offset Any Losses Incurred Due To Its Lower Costs Factor.
,,201 Keppel Road
Singapore; Singapore; Postal Code: 099419
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