A significant proportion of diners at Jumbo’s Riverside Point outlet are tourists. Besides this outlet, two other outlets in Singapore are listed as temporarily closed, due to the circuit breaker measures which disallows dining in.
SINGAPORE (May 4): Restaurant chain operator Jumbo Group is expecting to report a “significantly lower profit after tax” for 1HFY2020.
In a profit warning issued on Monday after market hours, the group says it has suffered a “significant decline” in its Singapore revenue from January to March, due to the lack of tourists from China, and social distancing measures in end-January, and February to March, respectively.
