This is on the back of the removal of social distancing restrictions, which increased the number of seats for dine-in customers. The revenue growth was also boosted by the opening of three new QSR outlets — Sushi-Go, Yaki Yaki Bo and Tsukimi Hamburg.
Japanese multi-brand food and beverage operator RE&S Holdings (SGX:1G1
) (SGX:1G1) has reported earnings of $5.55 million in its 1HFY2023 ended December, 61.7% higher compared to the previous corresponding period.
Revenue grew by 23.5% y-o-y for 1HFY2023 to $88 million from $71.2 million in 1HFY2022, primarily due to higher contribution from both full-service restaurants (FSR) and quick service restaurants, convenience and others (QSR) segments.
