Aztech Q1 profit down on one-off costs
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DRAGGED down by higher expenses from one-off start-up costs, Aztech Group posted a 27.5 per cent slide in net profit to S$1.22 million for the first quarter ended March 31.
This was due to the setting up of its central kitchen and launch of its Kay Lee outlet in Suntec, coupled with the associated operating costs, it said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result