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Jumbo reports 15.7% rise in 1Q earnings to $2.4 mil

PC Lee
PC Lee2/13/2019 07:46 PM GMT+08  • 1 min read
Jumbo reports 15.7% rise in 1Q earnings to $2.4 mil
SINGAPORE (Feb 13): Jumbo Group reported a 15.7% rise in 1Q19 earnings ended Dec to $2.4 million from a year ago on lower share of loss of associates.
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SINGAPORE (Feb 13): Jumbo Group reported a 15.7% rise in 1Q19 earnings ended Dec to $2.4 million from a year ago on lower share of loss of associates.

Revenue for 1Q19 dipped 1.5% to $35.5 million due mainly to the closure of underperforming outlets in Singapore.

Cost of sales, which comprised raw materials and consumables used, decreased 3.4% to $12.9 million in 1Q19, in line with the decrease in revenue.

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