Japan Foods Swings to Loss in Fiscal H2 Despite Jump in Revenue

MT Newswires05-24

Japan Foods (SGX:5OI) posted a loss after tax of SG$576,000 for the half ended March 31, compared with a profit of SG$1.8 million in the year-ago period, according to a filing with the Singapore Exchange on Friday.

Loss per share attributable to owners came in at SG$0.0033, compared with earnings per share of SG$0.013 in the comparable period.

The operator of restaurantsâ revenue was up 7% year over year to SG$43.4 million from SG$40.6 million, mainly due to a strong performance from the Yakiniku Shokudo and Tokyo Shokudo brands which opened seven new franchises.

The company declared a final cash dividend of SG$0.002 per share for the reported period.

Price (SGD): S$0.26, Change: S$, Percent Change: %

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