No Signboard's full-year earnings fall 1.3%

Singapore

CATALIST-LISTED No Signboard Holdings Limited posted a 1.3 per cent drop in its full-year earnings, despite a 7.3 per cent rise in revenue.

For the full year ended Sept 30, 2017, No Signboard's net profit was S$7.7 million, down from S$7.8 million the year before.

The food and beverage group's bottom line was hit by a lower profit before income tax from its restaurant business as well as losses incurred by its beer business from October 2016 to May 2017, prior to its acquisition of the…