On the other hand, there were four fewer coffeeshop management agreements in FY2023 and two shops were closed in FY2023 and 1HFY204 each.
Coffeeshop chain Kimly (SGX:1D0
) 's 1HFY2024 earnings dipped by 0.9% y-o-y to $16 million, even with revenue up 1.9% y-o-y to $158.5 million.
The company recorded higher revenue from its outlet management and investment businesses, with contributions from three new shops in FY2023 and another two in 1HFY2024 ended March.
