Author: TinFury

Honey Bun Revenue, Profit Rise

Honey Bun Limited benefited from revenue growth and efficiency measures with net profit at $47.3 million for its December 2015 quarter, or 187 per cent higher than year earlier levels. Investors can expect a positive outlook going forward but with a less aggressive profit growth, according to Michelle Chong, the bakery’s chief executive officer, in Read More …

Honey Bun defends five-cent dividend

THE listed bakery Honey Bun Ltd on Tuesday defended its five-cent dividend payout amid criticism from noted minority shareholder Orette Staple, who wants some of the nearly $210 million in retained earnings. Concurrently, the bakery aims to increase sales following the appointment of a new distributor for the western end of the island, indicated chief Read More …

Honey Bun adds $145m in assets

Fast-growing bakery Honey Bun Limited recorded $145 million worth of additions to its property plant and equipment in its financial year. That’s three times higher than a year earlier, according to audited financials released this month. The rise comes amid the acquisition of two properties in the company’s financial year ending September 2014.