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Koufu earnings up from $2.5 mil to $9.9 mil as diversification efforts bear fruit

The Editor
The Editor • 2 min read
Koufu earnings up from $2.5 mil to $9.9 mil as diversification efforts bear fruit
Koufu, citing its “strong balance sheet”, hints of additional acquisitions.
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Foodcourt operator Koufu Group has reported earnings of $9.9 million for the half-year financial period ended 30 June 2021 – up nearly four-times $2.5 million this time last year.

Revenue in the same period was up 18.8% y-o-y $105.7 million.

“We are gradually seeing the fruition of our revenue diversification strategy, which has brought on greater resiliency,” says executive chairman Pang Lim.

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