BreadTalk Q1 net profit plummets 89% on absence of divestment gain

Singapore

THE absence of a one-time divestment gain dented results for BreadTalk Group in its first quarter.

Net profit plunged 89.1 per cent to S$1.18 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

BreadTalk had in the first quarter of 2017 recognised S$9.3 million in capital gain fr…