food and beverage (F&B)

SINGAPORE (Aug 11): Sino Grandness Food Industry Group reported earnings of RMB105.1 million ($21.5 million) for 2Q17 ended June, down 33.4% from RMB157.7 million in 2Q16.

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.

SINGAPORE (Aug 10): DBS Vickers Securities is maintaining its “hold” call on restaurant operator Jumbo Group while lowering its target price to 67 cents from 72 cents previously, with the view that the group’s growth plans may be challenged by highe

SINGAPORE (Aug 7): Kimly, Singapore’s largest traditional coffee shop operator, posted earnings of $5.2 million for the 3Q17 ended June, down 20% from its $6.5 million in earnings for 3Q16 due to higher expenses. 

SINGAPORE (August 1): Japan Foods Holding announced a 19.9% decline in its 1Q18 earnings ended June to $1 million, from $1.3 million in 1Q17.

SINGAPORE (June 2017): Del Monte Pacific reported a 57.2% fall in FY17 earnings to US$24.4 million ($33.8 million) from US$57 million a year ago.

SINGAPORE (June 20): BreadTalk Group has announced the reappointment of its group managing director (MD), Henry Chu, as group CEO with effect from Jul 1.

SINGAPORE (May 25): Neo Group reported $3.3 million in earnings for FY17, down 46% from the previous financial year.

SINGAPORE (May 22): Tung Lok Restaurants (2000) has declared $0.42 million in earnings for FY17, down 30.9% from the $0.61 million posted in the previous financial year mainly due to lower revenue and reduced income tax credits.   

SINGAPORE (May 12): Sino Grandness Food Industry Group has announced RMB52.8 million ($10.8 million) of earnings for the 1Q ended March 31, down nearly seven times from the RMB360.2 million reported in the same quarter a year ago.