SINGAPORE (May 30): Old Chang Kee announced that its FY19 earnings have increased by 14.6% to S$4.3 million, compared to S$3.8 million in FY18.

This came on the back of a 5.0% increase in revenue to S$89.8 million, from S$85.5 million in the previous year.

Revenue from retail outlets increased by 4.2% y-o-y, mainly due to revenue contribution from new outlets and an increase in revenue from existing outlets, partially offset by absence of revenue from closed outlets and outlets temporarily closed for renovations.

As at Mar 31, the group operated a total of 86 outlets in Singapore, as compared to 90 outlets in the same period...(click on link for full story on theedgesingapore.com)