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Kimly posts 8.4% drop in FY19 earnings to $20.1 mil on higher expenses

Stanislaus Jude Chan
Stanislaus Jude Chan11/27/2019 11:40 AM GMT+08  • 2 min read
Kimly posts 8.4% drop in FY19 earnings to $20.1 mil on higher expenses
SINGAPORE (Nov 27): Traditional coffeeshop operator Kimly saw its earnings fall 6.0% to $5.4 million for 4QFY2019 ended September, bringing full-year earnings to $20.1 million for FY2019, some 8.4% lower than the $21.9 million recorded a year ago.
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SINGAPORE (Nov 27): Traditional coffeeshop operator Kimly saw its earnings fall 6.0% to $5.4 million for 4QFY2019 ended September, bringing full-year earnings to $20.1 million for FY2019, some 8.4% lower than the $21.9 million recorded a year ago.

This translates to earnings per share (EPS) of 1.74 cents for FY2019, compared to EPS of 1.89 cents in FY2018.

FY2019 revenue grew 3.0% to $208.3 million, mainly due to an increase in the revenue contribution from the Food Retail Division on the back of restaurants and confectionery businesses that were acquired in July last year.

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