Cost of sales however grew by 13.2% to $28.5 million compared to $25.1 million a year ago due to the opening of new outlets, resulting in higher utilities, rental and employee benefit costs.
SINGAPORE (Aug 14): Katrina Group announced earnings of $11,000 for the 1H ended June, down 96.7% from $0.3 million in 1H17 earnings a year ago due to higher costs and the closure of non-performing outlets .
Revenue for 1H18 increased by 11.2% to $30.8 million as the group increased its overall outlet count, while its online revenue continued to grow.
