SINGAPORE (July 4): Koufu Group, the operator of 50 or so food courts and coffeeshops, was the most profitable listed F&B play in FY18 with net profit of $24.5 million.
This was bigger than rival Kimly Group, Breadtalk Group and Jumbo Group which recorded net profit of $21.9 million, $15.2 million and Jumbo Group’s $11 million respectively.
Now, investors can expect Koufu to perform even better in FY19 based on the growing popularity of food courts, full-year contribution from its Rasapura food court at Marina Bay Sands as well as the opening of new outlets, says UOB KayHian in a new report.
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