Koufu's H1 profits plunge 82% to S$2.54m on Covid-19 impact
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$88.97 million from a year ago, again largely due to the impact of the Covid-19 outbreak, with lower contributions from both the outlet and mall-management segment and food-and-beverage (F&B) retail segment.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CapitaLand Investment posts total revenue of S$650 million for Q1
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback