Jumbo Group posts 8% fall in full-year profit on one-time listing fees

CHILLI crab restaurant Jumbo Group reported on Friday an 8 per cent fall in full-year net profit, dragged by one-time listing fees of about S$1 million for its recent initial public offering.

Net profit for the 12 months ended Sept 30 stood at S$10.6 million, compared to S$11.5 million a year ago. Revenue rose 9.2 per cent to S$123 million from a year ago, due mainly to increased revenue contributions from new outlets that were opened towards the end of fiscal 2014.