In an SGX filing on Jan 16, it blames the likely losses to the following factors. First, it will suffer wider losses at its bakery business in China and Thailand.
SINGAPORE (Jan 16): BreadTalk Group, one of the biggest Singapore food and beverage names, is likely to report a loss for the financial year ended Dec 31 2019.
At the nine-month mark, the company had already reported earnings of just $1.7 million, down 71.9% y-o-y versus nearly $6.1 million from the year earlier nine-month period. That’s despite the company generating 8.7% increase in revenue to $494.6 million for the nine month ended Sept 30 2019.
