SuperBowl Q3 profit slumps 61.3% on higher costs

SUPERBOWL Holdings posted a 61.3 per cent plunge in third-quarter net profit, from $2.86 million to $1.1 million, yesterday.

Revenue for the period ended Sept 30, 2013, rose 8 per cent to $4.57 million, but hefty increases in staff costs and other operating expenses ate away at the bottom line.

During the quarter, the group's bowling business grew 17.4 per cent year-on-year to $1.89 million, from $1.61 million.