SINGAPORE (Aug 1): BreadTalk recorded a 35.3% fall in 1H19 earnings ended June to $2.3 million, compared to $3.6 million in 1H18.
The weaker bottomline was mainly the result of an increase in the group's distribution and selling expenses, which was 39.4% higher at $169.2 million from $121.4 million last year.
In addition, the group saw the inclusion of leases expense of $7.3 million in 1H19 due to the adoption of the new SFRS(I) accounting method.
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