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Jumbo Group posts 8% fall in full-year profit on one-time listing fees

Friday, November 27, 2015 - 20:24
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A man walks past one of the Jumbo Group of food and beverage outlets in Singapore on November 9, 2015. A Singapore restaurant chain famous for its chili crab dish debuted on the local stock exchange on November 9 after getting the support of cash-rich state investment firm Temasek Holdings in its initial shares offer.

CHILLI crab restaurant Jumbo Group reported on Friday an 8 per cent fall in full-year net profit, dragged by one-time listing fees of about S$1 million for its recent initial public offering.

Net profit for the 12 months ended Sept 30 stood at S$10.6 million, compared to S$11.5 million a year ago. Revenue rose 9.2 per cent to S$123 million from a year ago, due mainly to increased revenue contributions from new outlets that were opened towards the end of fiscal 2014.