Gross profit margin increased by 3% to 69.5% in 1HFY2025, largely driven by improved food suppliers cost management resulting in the reduction in cost of sales; effective product pricing management; and reduction in utilities and product staff costs as a percentage of revenue.
Old Chang Kee has posted earnings of $6.2 million for its 1HFY2025 ended September, 42.3% higher y-o-y.
Revenue grew 3.2% y-o-y to $51.83 million, mainly due to higher retail and non-retail sales.
