SINGAPORE (May 11): Coffeeshop chain operator Kimly saw a 5.3% y-o-y increase in earnings to $10.5 million for 1HFY2020 ended March, with growth contributed by its five new coffeeshops and eight food stalls opened since November 2019. Revenue climbed 3.1% to $107.4 million in the same period.

Selling and distribution expenses rose 25.5% to $3.2 million from last year’s $2.6 million on higher online food delivery fees and cleaning and packing materials, owing to higher volume of takeaway orders and delivery services due to restricted movement measures.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook