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Koufu reports 12.3% growth in 1Q earnings to $7 mil on higher revenue

Michelle Zhu
Michelle Zhu5/6/2019 07:18 PM GMT+08  • 2 min read
Koufu reports 12.3% growth in 1Q earnings to $7 mil on higher revenue
SINGAPORE (May 6): Food court operator Koufu Group has announced 12.3% higher 1Q19 earnings of $7 million from $6.2 million a year ago, due to higher contributions from across its business segments.
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SINGAPORE (May 6): Food court operator Koufu Group has announced 12.3% higher 1Q19 earnings of $7 million from $6.2 million a year ago, due to higher contributions from across its business segments.

Revenue for the quarter grew 4.9% to $57.8 million from $55.1 million in 1Q18 as Koufu’s business segments, namely outlet & mall management as well as F&B retail, both registered higher contributions over the period under review.

The outlet & mall management segment, which accounts for 51.4% of total revenue, rose 9.2% on-year to $29.7 million, whereas F&B retail reported a 0.7% growth in revenue contributions to $28.1 million.

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