BreadTalk's full-year earnings up 91% on consolidation strategy

Singapore

LIFESTYLE food and beverage group BreadTalk Group on Thursday reported record earnings of S$21.8 million for the full year ended Dec 31, 2017, a 91 per cent jump from S$11.4 million a year ago.

Earnings per share came in at 7.76 Singapore cents, against 4.07 Singapore cents previously. The better performance was due to the group's strategy of consolidation and maximisation, which helped the core divisions focus on improving existing outlet portfolio mix despite the unpredictable macro retail environment, BreadTalk said.