Old Chang Kee has reported profit of $2.6 million for the 2HFY2021 ended March, reversing from its losses of $705,000 in the same period the year before.

The profit during the period was mainly attributable to government grants and property tax rebates totalling $2.2 million during the half-year period. The grants included the jobs support scheme (JSS), wage credit scheme and special employment scheme.

Profit for the FY2021 stood 929% higher – or nearly 10 times up – at $8.7 million, from profit of $849,000 in the FY2020.

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