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Sunday, 20 May 2007

Food Empire 1Q 2007 results on 14th May 2007, keep up the good work

Though on profit attributable to shareholders was a mere 6.8%, this came as a result of a increased number of issued shares. Profit after taxation actually rose 9.7% YOY despite a good year last year.

I am confident that with the successful acquisition of Naturant Systems Inc (Naturant)- Naturant owns the Petrovskaya Sloboda brand of
popular instant coffee mixes in Russia and Ukraine, as well as manufacturing operations in Russia, Food Empire's position in its core markets of Ukraine and Russia will be further strengthen.

Profit from Naturant should contribute positively to Food Empire's income statement coming quarters. Keep up the good work, Food Empire!

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