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Breadtalk’s 3Q earnings more than double to $3.3 mil

Michelle Zhu
Michelle Zhu11/2/2016 07:24 PM GMT+08  • 1 min read
Breadtalk’s 3Q earnings more than double to $3.3 mil
SINGAPORE (Nov 2): Food retail chain operator Breadtalk Group posted $3.3 million of earnings in 3Q16, doubling from $1.6 million a year ago on higher operating income from its bakery business.
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SINGAPORE (Nov 2): Food retail chain operator Breadtalk Group posted $3.3 million of earnings in 3Q16, doubling from $1.6 million a year ago on higher operating income from its bakery business.

Revenue was down marginally by 2.7% to $157.3 million as revenue from its food atrium business fell 11.4% to $40.6 million. This was partially offset by revenue growth from the restaurant division. Revenue from its bakery division stood flat at $78.6 million. Cost of sales also fell 7.7% to $68.8 million.

Operating income rose 8.7% to $21.1 million. This was driven by a more doubling of sales in its bakery business to $10.6 million. Operating income from its food atrium and restaurant businesses fell.

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