SINGAPORE (Nov 5): BreadTalk Group posted earnings of $2.1 million for the 3Q ended Sept, 41.7% lower compared to its earnings of $3.7 million a year ago on the back of higher expenses. 

The lower y-o-y profit was mainly attributed to one-off costs associated with the group’s opening of its Din Tai Fung business in London and other businesses, as well as certain underperforming segments of the Bakery Division which is in the process of undergoing restructuring.

Revenue for the quarter nonetheless grew to $157.7 million, up 2.3% on-year from revenue of $154.1 million in 3Q17.

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