In line with the higher revenue, cost of sales grew to $40 million compared to $36.5 million a year ago.
SINGAPORE (Feb 9): Kimly, the traditional coffee shop operator, has announced earnings of $5.7 million for 1Q18, down 13.9% from $6.7 million reported a year ago on higher expenses.
Revenue for the quarter grew 6.8% to $50.1 million, due mainly to higher revenue contribution from the Outlet Management Division with higher sales of beverages and tobacco products, as well as higher income from sub-leasing of coffee shops and food courts and related cleaning and utilities services provided.
