Kimly reported a 13.2% y-o-y increase in revenue to record S$238.6 million for the full year ended September 30, 2021 (FY2021), mainly due to revenue growth from all three of its Business Divisions. These comprise food retail, outlet management, and outlet investment business. Kimly also registered net profit after tax of $39.3 million for FY2021, an increase of 55.7% y-o-y.

See: Analysts remain hungry for Kimly despite bitter ending on CAD investigation

The food retail division contributed the most to Kimly’s revenue growth and delivered an increase of $15.0 million to reach $119.4 million in FY2021. The increase was mainly due to higher revenue contributions from existing food stalls, growth in food delivery sales and revenue contribution 6 food stalls and 1 confectionery shop opened during FY2021.

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