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Jumbo Q1 FY2017 net up 26%

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JUMBO Group on Monday said net profit for its Q1 FY2017, the three months ended Dec 31, 2016 rose 26 per cent to S$2.6 million, compared to S$2.1 million for the corresponding period last year.

JUMBO Group on Monday said net profit for its Q1 FY2017, the three months ended Dec 31, 2016 rose 26 per cent to S$2.6 million, compared to S$2.1 million for the corresponding period last year.

It said revenue increased by 5.8 per cent to S$32.7 million from $30.9 million due mainly to increased revenue contributions from the group's JUMBO Seafood outlets in Shanghai.

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