The growth in Quick-Service Restaurants, Convenience & Others (QSR) segment continued to gain traction with a revenue registered of $73.6 million in FY2022, marking an increase of 44.2%. This was largely attributable to the opening of new Yakiniku-GO, Kuriya Japanese Market and Gokoku Japanese Bakery outlets in 1HFY2022. Additionally, there was also an increase in food delivery sales with customers becoming more accustomed to food delivery service and its convenience amid the pandemic.
RE&S Holdings Limited reported $9.5 million in earnings for FY2022 ended June, unchanged from FY2021, bringing earnings per share to 2.7 cents.
Revenue for FY2022 was $154.8 million up 21.1% from $127.8 million in FY2021, largely due to higher revenue contribution as social distancing restrictions were removed, resulting in more seats available for dine-in customers.
