Revenue for the latest quarter grew 6% to $41.7 million from $39.4 million previously due to higher contributions from both the group’s Singapore and overseas operations – buoyed by higher revenue from China with contributions from its first Jumbo Seafood restaurant in Beijing as well as fourth Jumbo restaurant in Shanghai, which commenced operations in Jul and Nov 2017, respectively.
SINGAPORE (May 14): Jumbo Group announced earnings of $4.3 million for the 2Q ended March, down by 23.9% from its 2Q17 earnings of $5.7 million due to higher expenses mainly incurred as part of the group’s ongoing expansion.
The latest set of 2Q results brings Jumbo’s earnings for 1H18 to $77.5 million, which is 7.5% up from $72.1 million in the same period a year ago.
