BreadTalk 1Q earnings fall 89.1% to S$1.2 mil on absence of one-off gain

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SINGAPORE (May 3): BreadTalk reported 1Q18 earnings to S$1.18 million, down 89.1% from S$10.8 million in 1Q17.

The drop in earnings was due to recognition of a one-off gain of S$9.3 million from divestment of the group’s investment in TripleOne Somerset in 1Q17.

During the quarter, the group brought forward the early closure of eight Bakery outlets in China and one...(click on link for full story on theedgesingapore.com)