BreadTalk Q4 net dives

Singapore

FOOD and beverage play BreadTalk Group has posted a 30.8 per cent fall in net profit attributable to shareholders to just under S$3.85 million for its fourth quarter ended Dec 31, 2014. This was due to softer than expected demand across all markets, especially in mainland China. The group's profit margin was also compromised due to intense competition in Singapore along with cost pressure on labour and rental, including closure costs for two Ramen Play stores. Revenue for the fourth quarter was up 5.3 per cent to just under S$155 million.

The group recommends a final dividend of one cent per ordinary share. Together with the 0.5-cent interim dividend paid out previously, BreadTalk's total dividend payout for 2014 was 1.5 cents.