SINGAPORE (Feb 14): Old Chang Kee reported 3Q19 earnings of S$1.5 million, rising 24.6% y-o-y from S$1.2 million on the back of higher revenue and lower cost of sales.

Revenue for the quarter grew 3.8% to S$23.1 million from S$22.2 million a year ago, due with 2.8% higher revenue from retail outlets, with increased contributions from existing outlets, as well as revenue from new outlets.

This was however offset in part by the absence of revenue from closed outlets, as well as those temporarily closed for renovations.

As at end-2018, Old Chang Kee operated a...(click on link for full story on theedgesingapore.com)