Break-even still not in sight for F&B outlets despite spike in takeaways

Singapore

SOME listed food and beverage (F&B) players have seen a spike in delivery or takeaway volumes as a result of the "circuit breaker". But they claim the rise is nowhere near enough for them to break even.

Andrew Tjioe, chief executive officer of TungLok Group, told The Business Times that while the volume of takeaway or delivery orders have doubled as most people stay at home, the takings are not enough to break even.