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BreadTalk's 1Q earnings fall 89.1% to $1.2 mil on absence of one-off gain

Samantha Chiew
Samantha Chiew5/3/2018 06:26 PM GMT+08  • 3 min read
BreadTalk's 1Q earnings fall 89.1% to $1.2 mil on absence of one-off gain
SINGAPORE (May 3): BreadTalk reported 1Q18 earnings to $1.18 million, down 89.1% from $10.8 million in 1Q17.
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SINGAPORE (May 3): BreadTalk reported 1Q18 earnings to $1.18 million, down 89.1% from $10.8 million in 1Q17.

The drop in earnings was due to the recognition of a one-off gain of $9.3 million from the divestment of the group’s investment in TripleOne Somerset in 1Q17.

During the quarter, the group brought forward the early closure of eight Bakery outlets in China and one Food Atrium outlet in Hangzhou.

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