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BreadTalk posts 35.3% drop in 1H earnings to $2.3 mil on increased expenses

Samantha Chiew
Samantha Chiew8/2/2019 11:36 AM GMT+08  • 3 min read
BreadTalk posts 35.3% drop in 1H earnings to $2.3 mil on increased expenses
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.
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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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