Kimly's Q4 profit falls 6% on lower revenue, higher income tax

Singapore

CATALIST-LISTED coffeeshop operator Kimly saw a 6 per cent fall in net profit to S$5.4 million for the fourth quarter ended Sept 30, on the back of lower revenue and higher income tax expense.

Revenue inched down 0.9 per cent to S$52.5 million, while gross profit fell 2.7 per cent to S$10.7 million.