Envictus sinks deeper into in the red in 2Q on higher expenses

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SINGAPORE (May 2): Food and beverage (F&B) group Envictus International saw its losses for the 2Q ended March 2018 widen 39.6% to RM4.8 million (S$1.6 million), from 2Q17 loss of RM3.4 million due to higher operating expenses.  

This brings the group’s loss for the half-year to RM9.4 million, nearly double than its 1H17 loss of RM4.9 million a year ago.

Revenue for 2Q18 grew 0.8% to RM101.1 million, from S$100.3 million, primarily due to strong performance of its food services division and additional contribution from its new dairies division, offset in part by lower contributions from its...(click on link for full story on theedgesingapore.com)