Kimly posts S$5m profit in Q4

Singapore

COFFEE shop operator Kimly Limited reported a net profit of S$4.98 million attributable to owners of the company for the fourth quarter ended Sept 30, up from S$2.5 million a year ago.

This brings the full fiscal-year net profit to S$21.4 million, 76 per cent more than the preceding year.

But the surge was mainly technical, due to a restructuring exercise in shareholding structure when Kimly was listed on the Catalist board in March this year.

This resulted in S$2.5 million and S$12 million of net profit in Q4 2016 and fiscal 2016 respectively be…