Old Chang Kee warns of decline in sales and profits; explores e-commerce tie-ups to expand sale of food

Singapore

FOOD and beverage operator Old Chang Kee on Monday warned of a decline in sales and operating profits of its retail outlets in the near term.

In an update on the impact of Covid-19 impact on its business, the group said that at this stage, it is still determining the extent of the financial impact on the group's earnings per share and net asset value per share for the financial year ended March 31.