Segmentally, revenue from the restaurant division grew 14% to $84.5 million in 1H19 with the addition of three outlets in Singapore and one in Thailand. However, Profit Before Tax (PBT) came in at $11.5 million, 12.6% lower from a year ago due to higher operating costs in Singapore and the United Kingdom operations which is still in the red.
SINGAPORE (Aug 5): BreadTalk may have reported 7.9% higher 1H19 revenue of $321 million from a year ago, however earnings fell 35.3% due to 39.4% higher distribution and selling expenses of $169.2 million and lease expense of $7.3 million due to new accounting standards.
