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Kimly 1Q earnings fall 13.9% to $5.7 mil on higher expenses

Michelle Zhu
Michelle Zhu2/9/2018 07:39 PM GMT+08  • 2 min read
Kimly 1Q earnings fall 13.9% to $5.7 mil on higher expenses
SINGAPORE (Feb 9): Kimly, the traditional coffee shop operator, has announced earnings of $5.7 million for 1Q18, down 13.9% from $6.7 million reported a year ago on higher expenses.
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SINGAPORE (Feb 9): Kimly, the traditional coffee shop operator, has announced earnings of $5.7 million for 1Q18, down 13.9% from $6.7 million reported a year ago on higher expenses.

Revenue for the quarter grew 6.8% to $50.1 million, due mainly to higher revenue contribution from the Outlet Management Division with higher sales of beverages and tobacco products, as well as higher income from sub-leasing of coffee shops and food courts and related cleaning and utilities services provided.

In line with the higher revenue, cost of sales grew to $40 million compared to $36.5 million a year ago.

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