Food Retail

Results

Old Chang Kee's 3Q earnings up 24.6% at $1.5 mil on higher revenue & improved margins

SINGAPORE (Feb 14): Old Chang Kee reported 3Q19 earnings of $1.5 million, rising 24.6% y-o-y from $1.2 million on the back of higher revenue and lower cost of sales.

Global Markets

Technology is modernising China’s Lunar New Year holiday

BANGKOK (Feb 15): In many ways, China’s Lunar New Year holiday is America’s Thanksgiving, Christmas and Independence Day all rolled into one.

M&A

Yoma Strategic to establish food distribution platform in Myanmar through Metro JV

SINGAPORE (Feb 24): Yoma Strategic Holdings has entered into a strategic partnership with Metro Group Wholesale & Food Specialist Company to establish a one-stop food distribution platform in Myanmar through the formation of joint venture (JV) company, Me
Old Chang Kee

Results

Old Chang Kee posts 11.1% rise in 3Q earnings to $1.4 mil on higher sales

SINGAPORE (Feb 13): Old Chang Kee posted a 11.1% rise in 3Q earnings to $1.4 million from $1.2 million a year ago on higher sales. Revenue for the three months ended Dec rose 7.5% to $20.3 million from a year ago. Revenue from retail outlets increas

Results

Neo Group swings into 1Q net loss on absence of one-time gain

SINGAPORE (Aug 4): Food caterer Neo Group swung into an attributable loss of $2.7 million for the 1Q17 ended June, compared to a profit of $0.2 million a year ago in 1Q16.
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