Despite the encouraging beginnings in FY2020, fuelled by strong expansion momentum with four new outlets opening in South Korea, China and Taiwan, the Covid-19 pandemic led to a slowdown in Jumbo’s growth plans.

Jumbo Group has reported a loss of $8.2 million for the FY2020 ended September, compared to the $11.7 million in earnings a year ago.

This translates to a loss per share of 1.3 cents for the FY2020 compared to earnings per share (EPS) of 1.8 cents in FY2019.

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