SINGAPORE (May 14): Sakae Holdings reversed out of the red with earnings of S$0.3 million for the 1Q ended March on the back of lower expenses, compared to losses of S$1.3 million a year ago.

1Q18 revenue fell 28.5% to S$12.3 million, from S$17.3 million a year ago.

This was mainly due to a continuing rationalisation exercise on non-performing outlets in Singapore, coupled with streamlining of group operations, which resulted in lower revenue... (Click here to read the full story)