BreadTalk posts 10.5% increase in 2Q earnings to S$2.44 mil on higher interest income

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SINGAPORE (Aug 1): BreadTalk announced on Wednesday that its 2Q18 earnings have increased by 10.5% to S$2.44 million, from S$2.20 million in 2Q17 on higher interest income.

In a media release issued on Wednesday, the group also attributed its increase in earnings to its effective cost management and diversity of brand portfolio.

This brings 1H18 earnings to S$3.62 million, 72.2% lower than S$13.0 million in 1H17, mainly due to higher expenses.

Revenue for the quarter saw a slight increase of 0.8% to S$148.8 million, compared with S$147.7 million a year ago, driven by growth by...(click on link for full story on theedgesingapore.com)