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Analysts keep up ravenous appetite for Jumbo

Samantha Chiew
Samantha Chiew11/27/2019 02:54 PM GMT+08  • 3 min read
Analysts keep up ravenous appetite for Jumbo
SINGAPORE (Nov 27): Analysts are still hungry for more of Jumbo even after the group's revenue came in flat at about $153.6 million in FY19 from $153.7 million in FY18.
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SINGAPORE (Nov 27): Analysts are still hungry for more of Jumbo even after the group's revenue came in flat at about $153.6 million in FY19 from $153.7 million in FY18.

Revenue from the group’s Singapore operations increased by $4.0 million on the back of two new Jumbo Seafood restaurants – a new Zui Yu Xuan Teochew Cuisine restaurant and a new Chao Ting Teochew Pao Fan outlet.

However, the increase was negated by a $4.1 million decline in revenue from its restaurants in China.

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