You are here

Koufu's H1 profits plunge 82% to S$2.54m on Covid-19 impact

BT_20200812_VIKOUFU12HBIX_4201035.jpg
Koufu CEO Pang Lim says the group resumed operations for most of its outlets on June 19, and that most of its food courts and coffee shops in the heartlands, tea kiosks and full-service restaurants have made "significant improvements".

Singapore

PROFITS for food and beverage company Koufu Group dived 82 per cent to S$2.54 million for the six months ended June 30, as the Covid-19 pandemic took a big bite out of its earnings when Singapore's circuit-breaker measures kicked in.

Revenue decreased 23.2 per cent to S$...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes