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Lifebrandz 2Q losses widen 18% to $0.6 mil on higher sales activities, business expansion

Michelle Zhu
Michelle Zhu3/14/2019 07:30 AM GMT+08  • 2 min read
Lifebrandz 2Q losses widen 18% to $0.6 mil on higher sales activities, business expansion
SINGAPORE (Mar 14): Lifebrandz saw its losses in 2Q widen 18% to $0.6 million from $0.5 million a year ago, mainly due to an increase in total expenses which the group attributes to higher sales activities and business expansion.
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SINGAPORE (Mar 14): Lifebrandz saw its losses in 2Q widen 18% to $0.6 million from $0.5 million a year ago, mainly due to an increase in total expenses which the group attributes to higher sales activities and business expansion.

Group revenue for the quarter grew 65% to $1.5 million from $0.9 million in 2Q18 on the back of higher revenue from the food and beverage (F&B) segment, out of which $0.9 million was contributed from the newly-opened Hashida Sushi restaurant in Singapore.

The remaining $0.2 million was contributed by Mulligans Pattaya in Thailand, as opposed to $0.3 million in revenue contributions the year before.

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