Gross profit increased by 11.8% to S$55.2 million in 3Q2024, in line with the increase in revenue. Group profit margin remained the same at 84.6%.
Japan Foods Holding has recorded a net profit of $668,000 in its 3QFY2024 ended December, down 79.4% from the $3.2 million recorded in its 3QFY2023.
This is despite higher revenue, which increased 11.8% y-o-y to $65.3 million due to expanded Halal offerings and a higher number of operating restaurants.
