" In the same report, Seet also noted that Kimly may add another $9 million to its profit before tax (PBT) for the FY2022 due to its acquisition of homegrown food business, Tenderfresh. The group says it aims to complete the proposed acquisition in the next three to four months.
The$9 million earn-out PBT, of which management is confident the target can be achieved, which will add about $5.5 million (22%) to net profit from FY2022 onwards, notes Seet."
Above is an extract from RHB report. For info only. Dyodd.