Old Chang Kee's FY18 earnings double to S$5m on improved margins, revenue growth

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SINGAPORE (May 30): Old Chang Kee saw FY18 earnings double to S$5 million from S$2.4 million in FY17 on improved gross margins and revenue.

A final dividend of 1.5 Singapore cents has been declared for the year.

Revenue for FY18 grew 9.1% to S$85.5 million from S$78.3 million in FY17 on the back of contributions from both new and existing retail outlets, with Old Chang Kee’s signature puff products remaining the major contributor as it accounted for 30.1% of total revenue for FY18... (Click here to read the full story)