BreadTalk Q3 gain dives 81% to S$513,000 on higher expenses

Singapore

MAINBOARD-LISTED food and beverage player BreadTalk Group is moving further away from its target of hitting a net profit margin of 8 per cent by 2022, going by its third-quarter financial results released on Tuesday.

The group has posted an 81 per cent year-on-year decline in its net profit to S$513,000 for the quarter ended Sept 30, from S$2.7 million for the corresponding period a year ago.

Its net profit margin dwindled to 0.3 per cent from 1.7 per cent.

BreadTalk Group had told The Business Times in an earlier interview that it aims to hit a net prof…