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Soup Restaurant swings back to profitability in 2Q on higher revenue

Michelle Zhu
Michelle Zhu • 2 min read
Soup Restaurant swings back to profitability in 2Q on higher revenue
SINGAPORE (Aug 10): Restaurant chain operator Soup Restaurant has announced $0.3 million in earnings for 2Q17, reversing from its loss of $0.2 million in the same period a year ago due to higher revenue.
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SINGAPORE (Aug 10): Restaurant chain operator Soup Restaurant has announced $0.3 million in earnings for 2Q17, reversing from its loss of $0.2 million in the same period a year ago due to higher revenue.

Group revenue grew 16% to $10.1 million over the quarter from $8.7 million in 2Q16, mainly attributable to revenue contribution from new outlets, which were offset in part in lower revenue from existing outlets as well as the closure of outlets.

For the six months ended June, the group reported a 29.4% increase in earnings to $0.7 million compared to $0.5 million a year ago, with revenue up 7.7% to $20.6 million from $19.1 million in 1H16.

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