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Kimly reports 4.8% dip in 3Q earnings to $5 mil

PC Lee
PC Lee8/8/2018 11:16 PM GMT+08  • 2 min read
Kimly reports 4.8% dip in 3Q earnings to $5 mil
SINGAPORE (Aug 8): Kimly, one of the largest traditional coffeeshop operators in Singapore, reported a 4.8% dip in 3Q earnings to $5.0 million from a year ago.
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SINGAPORE (Aug 8): Kimly, one of the largest traditional coffeeshop operators in Singapore, reported a 4.8% dip in 3Q earnings to $5.0 million from a year ago.

Revenue growth of 4.2% to $49.9 million was boosted mainly by higher contributions from both the group’s outlet management and food retail divisions.

The growth from the group’s outlet management division was due to an increase in income from sub-leasing of food stalls in its coffeeshops and foodcourts, as well as from related cleaning and utilities services provided.

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