This was mainly due to a continuing rationalisation exercise on non-performing outlets in Singapore, coupled with streamlining of group operations, which resulted in lower revenue.
SINGAPORE (May 14): Sakae Holdings reversed out of the red with earnings of $0.3 million for the 1Q ended March on the back of lower expenses, compared to losses of $1.3 million a year ago.
1Q18 revenue fell 28.5% to $12.3 million, from $17.3 million a year ago.
