BreadTalk reports 52.4% higher earnings of S$1.7 mil on higher revenue

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Singapore (May 7): BreadTalk Group has announce earnings of S$1.7 million for 1Q19, up 52.4% from S$1.1 million in earnings a year ago, on higher revenue.

Revenue for the quarter rose 6.1% to S$157.6 million from S$148.5 million a year ago, led by growth across all business divisions. The group attributes this to its continual focus on improving the quality of its products, as well as the overall efficiencies in the central kitchen and procurement efforts.

Bakery division revenue rose 2.3% on-year to S$72 million, with the consolidation of revenue from the Thailand Bakery business, following the acquisition of a 50% interest in BTM (Thailand) from Minor Food Group — excluding which...(click on link for full story on theedgesingapore.com)