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Koufu reports 16.2% increase in 2Q19 earnings to $7.2 mil on higher revenue

Uma Devi
Uma Devi8/7/2019 6:31 PM GMT+08  • 2 min read
Koufu reports 16.2% increase in 2Q19 earnings to $7.2 mil on higher revenue
SINGAPORE (Aug 7): Food court operator Koufu Group posted 2Q19 earnings of $7.2 million, up 16.2% from $6.2 million in the same quarter last year on the back of higher contributions across business segments.
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SINGAPORE (Aug 7): Food court operator Koufu Group posted 2Q19 earnings of $7.2 million, up 16.2% from $6.2 million in the same quarter last year on the back of higher contributions across business segments.

Revenue for the quarter came in at $58.1 million, up 7.3% from $54.1 million the previous year, on higher contributions from both the F&B and outlet and mall management segments.

Segmentally, the outlet and mall management segment saw a $3 million increase to $29.5 million in 2Q19 due to the new stores at University of Macau and 289C Compassvale Crescent, as well as a higher revenue contribution from food court at Marina Bay Sands which was partially closed from April to July 2018.

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