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LifeBrandz's Q1 loss widens to S$871,000

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Club operator LifeBrandz, which manages kandi bar (pictured), widened its first-quarter loss compared to that a year ago on lower revenue and persistent high costs, its results showed on Monday.

CLUB operator LifeBrandz widened its first-quarter loss compared to that a year ago on lower revenue and persistent high costs, its results showed on Monday.

Net loss for the three months ended Oct 31, 2014, stood at S$871,000, compared to a net loss of S$188,000 a year ago. Revenue for the period fell 29 per cent from a year ago to S$4.73 million. Total expenses were also down, but eased slower than that of sales, dropping 17 per cent to S$5.79 million.

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