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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
