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Old Chang Kee posts 14.6% increase in FY19 earnings to $4.3 mil on higher revenue; declares 1.5 cents final dividend

Samantha Chiew
Samantha Chiew5/30/2019 05:41 PM GMT+08  • 2 min read
Old Chang Kee posts 14.6% increase in FY19 earnings to $4.3 mil on higher revenue; declares 1.5 cents final dividend
SINGAPORE (May 30): Old Chang Kee announced that its FY19 earnings have increased by 14.6% to $4.3 million, compared to $3.8 million in FY18.
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SINGAPORE (May 30): Old Chang Kee announced that its FY19 earnings have increased by 14.6% to $4.3 million, compared to $3.8 million in FY18.

This came on the back of a 5.0% increase in revenue to $89.8 million from $85.5 million in the previous year.

Revenue from retail outlets increased by 4.2% y-o-y mainly due to revenue contribution from new outlets and an increase in revenue from existing outlets, partially offset by absence of revenue from closed outlets and outlets temporarily closed for renovations.

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