Revenue rose 7.2% or $0.8 million to $11.9 million. This was due to an increase in revenue from existing outlets and online delivery services of $0.2 million and a net increase in revenue from the opening and closure of outlets of $0.5 million due to mall refurbishment.
SINGAPORE (May 8): Soup Restaurant Group, the operator of a chain of restaurant outlets under the same name, reported 1Q earnings of $0.59 million or 0.21 cents per share.
This was 22.4% lower compared to a year ago on higher depreciation due to new Singapore Financial Reporting Standards SFRS(I) 16 Leases.
