Aztech Q1 profit down on one-off costs

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.