Tung Lok Restaurants' net loss for FY2014 more than doubles to $6.8m

Singapore

TUNG Lok Restaurants reported a more than doubling in net loss from $3.2 million to $6.8 million for its full year ended March 31.

The loss attributable to shareholders came on the back of a 4 per cent fall in revenue to $77.9 million. Among the reasons were "lower revenue contributions from closing four outlets during FY14 and loss of revenue from two outlets closed in FY13".