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RE&S 3Q earnings halved to $0.9 mil on higher expenses

Michelle Zhu
Michelle Zhu5/8/2018 07:42 AM GMT+08  • 2 min read
RE&S 3Q earnings halved to $0.9 mil on higher expenses
SINGAPORE (May 8): Japanese restaurant operator RE&S Group saw its 3Q18 earnings halve to $0.9 million from $1.9 million a year ago on higher expenses and after taking into account one-off IPO expenses of $1.1 million.
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SINGAPORE (May 8): Japanese restaurant operator RE&S Group saw its 3Q18 earnings halve to $0.9 million from $1.9 million a year ago on higher expenses and after taking into account one-off IPO expenses of $1.1 million.

Revenue for 3Q grew 2% to $35.3 million on the growth of contributions from the quick-service restaurants, convenience and others segment.

Raw materials and other consumables used came in at $9.7 million, 5.3% higher than $9.2 million a year ago. As a percentage of revenue, it remained constant at 27.6% when compared to that of 3Q17.

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