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ST Group reports 16.5% increase in sales

The Edge Singapore
The Edge Singapore • 2 min read
ST Group reports 16.5% increase in sales
ST Group Food Industries Holdings, which runs a chain of F&B outlets, has reported revenue of A$29.1 million for the half-year ended Dec 31 2019 – an increase of 16.5% y-o-y.However, because of one-off expenses from its IPO last Ju
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SINGAPORE (Feb 13): ST Group Food Industries Holdings, which runs a chain of F&B outlets, has reported revenue of A$29.1 million for the half-year ended Dec 31 2019 – an increase of 16.5% y-o-y.

However, because of one-off expenses from its IPO last July and higher finance costs, the company’s earnings dipped 1.5% y-o-y to A$1.9 million.

In the past year, the company expanded its number of outlets by 23 to 118. The company runs franchises of brands such as “PappaRich”, “NeNe Chicken”, “Gong Cha”, “Hokkaido Baked Cheese Tart”, “IPPUDO” and “iDarts”. It has its own brands as well: “PAFU” and “KURIMU”.

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