QAF's (SGX:Q01) attributable profit to owners dropped 51% in the first half to SG$1.9 million from SG$3.9 million a year earlier.
Earnings per share came in at SG$0.03 compared with SG$0.07 in the year-ago period, according to an after-market filing with the Singapore Exchange on Friday.
The food company's revenue was relatively unchanged at SG$306.7 million versus SG$306.1 million previously.
The food distribution company declared an interim dividend of SG$0.01 per share, unchanged from the prior period.