During the 1QFY2023, the group saw revenue spike by 91.8% y-o-y to $18.8 million thanks to the group’s expanded halal segment. Revenue was also further boosted by the lifting of the Covid-19-related capacity limits and restrictions on social gatherings.
Japan Foods Holdings has reported net profit of $1.4 million for the 1QFY2023 ended June, reversing from the net loss of $1.2 million in the same period the year before.
The Catalist-listed group operates a chain of restaurants in Singapore, which includes Ajisen Ramen, Kazokutei, New ManLee Bak Kut Teh and Tokyo Shokudo.
