Corporate digest

Kimly

CATALIST-LISTED coffee shop operator Kimly's first-half net profit rose 5.3 per cent year on year to S$10.5 million for the six months to March 31, according to results on Monday. Revenue grew by 3.1 per cent to S$107.4 million on contributions from new coffee shops and stalls.

The board said it expects the group to stay in the black for the year. But it halved its proposed interim dividend to 0.28 Singapore cent a share, compared with the year prior. The books will close on July 3 and the dividend will be paid out by July 15.