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Jumbo Group’s FY15 Net Profit Slips 8%
Daily Bulletin | 30 November 2015
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Jumbo Group’s FY15 net profit fell 8 percent despite a 9.2 percent increase in revenue mainly due to increased revenue contributions from new outlets which were opened towards the end of FY14.

The group also registered increased revenue contribution from Jumbo Seafood (Riverside) and Jumbo Seafood Gallery due to an increase in customers as well as higher average spending per customer and a full year revenue contribution from Jumbo Seafood outlet in Shanghai. Operating expenses were higher with employee benefits expense increasing $4.3 million due to the group’s business expansion and the increase in business of existing outlets, while other operating expenses increased by $1.6 million mainly due to professional fees incurred in connection with the restructuring exercise and preparation work for the IPO.

Jumbo Group  0.370 -0.005 -1.33%   
Business: Co is engaged in the food & beverage (F&B) business in S'pore & China. [FY18 Geographical] S'pore (79.6%), China (20.4%).

Insight: May-19, 1H19 revenue dipped 1.4% due to lower reve... Read More

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