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Old Chang Kee kept at 'buy' despite 53% fall in 2Q earnings

Samantha Chiew
Samantha Chiew11/14/2017 11:57 AM GMT+08  • 3 min read
Old Chang Kee kept at 'buy' despite 53% fall in 2Q earnings
SINGAPORE (Nov 14): Old Chang Kee announced last night 2Q18 earnings dropped 52.6% to $748,000 from $1.58 million in 2Q17.  
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SINGAPORE (Nov 14): Old Chang Kee announced last night 2Q18 earnings dropped 52.6% to $748,000 from $1.58 million in 2Q17.

Revenue for the quarter increased 5.9% to $21.4 million from $20.3 million a year ago.

Revenue from retail outlets increased by 6.4%, due to revenue contribution from new outlets and increase in revenue from existing outlets.

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