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No Signboard reports 1.3% fall in FY17 earnings to $7.7 mil on higher expenses

PC Lee
PC Lee12/28/2017 6:6 PM GMT+08  • 2 min read
No Signboard reports 1.3% fall in FY17 earnings to $7.7 mil on higher expenses
SINGAPORE (Dec 28): No Signboard reported a 1.3% fall in full-year earnings to $7.7 million in FY17 ended Sept from $7.8 million a year ago in FY16 on higher expenses.
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SINGAPORE (Dec 28): No Signboard reported a 1.3% fall in full-year earnings to $7.7 million in FY17 ended Sept from $7.8 million a year ago in FY16 on higher expenses.

The seafood restaurant operator had requested for a three-month extension from Singapore Exchange to report its FY17 results due to its listing on Nov 30.

Revenue rose 7.3% to $24.4 million in FY17 from $22.7 million. Restaurant sales decreased by 6.3% to $21.3 million. Sales at The Central outlet increased by 29.5%, whereas sales at the Esplanade outlet decreased by 16.6% while the Vivocity outlet saw sales drop by 0.5%.

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