No Signboard posts Q3 net loss of S$1.4m on higher costs
Sales fall 15% to S$5.9m from S$7m a year ago on weaker restaurant revenue
Singapore
SEAFOOD restaurant operator No Signboard Holdings - which recently announced that its CEO had been arrested and released on bail in connection to a share buyback probe - had more bad news to report as it slipped into the red for its fiscal third quarter.
It reported a net loss of S$1.4 million for the three months ended June 30, reversing from a profit of S$0.8 million the year before. The group said this was due to higher operating expenses incurred for its hotpot and quickserve restaurants, co…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff
Blackstone reports 1% rise in Q1 earnings