For the 4Q ended Dec 2018, BreadTalk’s earnings grew 82.5% to $8.9 million from its 4Q17 restated earnings of $4.9 million on the back of higher revenue, which grew 3.1% to $154.8 million compared to $150.1 million a year ago.
SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year.
This was largely due to the absence of a $9.3 million net capital gain from the divestment of BreadTalk’s partial stake in TripleOne Somerset, excluding which the group would have seen 1.1% higher core net profit on a y-o-y basis.
