No Signboard posts increased profit in Q1

NO Signbord Holdings' net profit for the first quarter jumped about 56 per cent year on year to S$1.44 million.

Revenue increased 2.9 per cent to S$4.14 million in 1Q2018, which included new revenue streams from its beer business. Earnings per share clocked 0.31 Singapore cent, up from 0.2 cent a year ago.

The company has declared a special dividend of 0.31 Singapore cent per share, payable on March 5.

No Signboard said: "The group continue to see a stable revenue stream for its premium seafood restaurants. The group is continuing to work on the development of the new casual dining concept restaurants as well as the expansion of the beer business, including the establishment of its own brewery."