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, coupled with a decrease in its revenue.
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