BreadTalk's Q2 profit crumbles 54.8% to S$1.3m

Singapore

A DIP in revenue, as well as an increase in expenses and taxation, weighed down the results for BreadTalk Group for its second quarter.

Net profit plummeted 54.8 per cent to S$1.3 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.

For the three months ended June 30, revenue shrank 3.3 per cent to S$149.8 million from the preceding year. Q2 earnings per share, meanwhile, dropped to 0.46 Singapore cent from 1.02 Singapore cents in the yea…