Kimly doubles interim dividend despite 13.2% fall in Q2 profit

Singapore

CATALIST-LISTED coffee shop operator Kimly plans to roll out iced coffee and tea brands with lower-sugar options but the board is sweetening up investors with an interim dividend twice as much as last year's.

Kimly's second-quarter earnings took a hit from higher expenses, according to results out on Tuesday, but the directors have recommended an interim dividend of 0.56 Singapore cent a share - up from 0.28 cent in the same period previously.