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RE&S Holdings earnings down 56% y-o-y to $2.4 mil on increased operating expenses

Bryan Wu
Bryan Wu • 2 min read
RE&S Holdings earnings down 56% y-o-y to $2.4 mil on increased operating expenses
Operating expenses saw a notable increase of 9.6% y-o-y, reaching $60.8 million in 1HFY2024. Photo: The Edge Singapore
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Japanese multi-brand food and beverage operator RE&S Holdings (SGX:1G1) has reported earnings of $2.4 million for its 1HFY2024 ended Dec 31, 2023, 56% lower compared to the corresponding period last year.

Earnings per share correspondingly fell to 0.7 cents, compared to 1.6 cents in 1HFy2023

Revenue grew by 1.4% y-o-y for 1HFY2024 to $89.3 million from $88.0 million in 1HFY2023, primarily due to the increase in revenue contribution from quick-service restaurants (QSR), convenience and others.

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