Segmentally, the outlet and mall management segment saw a $3 million increase to $29.5 million in 2Q19 due to the new stores at University of Macau and 289C Compassvale Crescent, as well as a higher revenue contribution from food court at Marina Bay Sands which was partially closed from April to July 2018.
SINGAPORE (Aug 7): Food court operator Koufu Group posted 2Q19 earnings of $7.2 million, up 16.2% from $6.2 million in the same quarter last year on the back of higher contributions across business segments.
Revenue for the quarter came in at $58.1 million, up 7.3% from $54.1 million the previous year, on higher contributions from both the F&B and outlet and mall management segments.
