Revenue for the period inched up by 0.3% y-o-y to $97.3 million mainly contributed by revenue from the group’s operations in Korea. However, this was offset by lower revenue from Singapore and China. Singapore’s revenue fell by 1.1% y-o-y to $84.4 million on the back of higher competition in the food and beverage (F&B) sector, while China’s revenue fell by 2.5% y-o-y to $9.6 million from weak consumer confidence and cautious spending in the country.
Jumbo Group has reported earnings of $7.9 million for the 1HFY2025 ended March 31, 10.6% lower y-o-y, as the mild increase in revenue was not enough to offset its costs.
Earnings per share (EPS) stood at 1.3 cents, down from 1.4 cents last year.
