SINGAPORE (Feb 22): Breadtalk Group reported FY16 earnings of $11.4 million, up 50.4% from $7.6 million a year ago on a steeper drop in cost of sales and 3.3% higher other income of $8.9 million.
In the 4Q16, earnings came in at $4.4 million, four times the group’s earnings of $1.1 million in 4Q15.
The group’s y-o-y improvement in FY16 earnings comes despite a 1.5% decline in revenue for the full year to $615 million from $624.1 million a year ago.
