Koufu's H2 FY20 profit falls 47% amid pandemic

Singapore

FOOD court operator Koufu's net profit for the six months ended Dec 31, 2020 nearly halved year-on-year to S$7.35 million from S$13.58 million as the pandemic impacted revenue.

Revenue for H2 2020 was 15 per cent lower at S$103.4 million on lower contributions from both its outlet and mall management business segment as well as the food & beverage (F&B) retail business segment.