SINGAPORE (Aug 19): RE&S Holdings, the Japanese multi-brand food and beverage group, reported full-year earnings to $4.0 million, some 13.3% higher than earnings of $3.6 million a year ago, despite 4Q19 earnings falling 32.9% to $0.6 million.
For FY19, revenue fell by a marginal 0.9% to $141 million from $142.3 million in the preceding year, as revenue from the full-service restaurants segment declined 3.0% on the back of renovations at Kuriya Dining and closure of Great World City outlets.
The decline was partially offset by an increase in revenue from Quick-Service Restaurants, Convenience and Others segment of 4.5%, growing from $39.9 million in FY18 to $41.7 million in FY19 mainly due to contributions from the Group's concepts of Kuriya Japanese Market and Ichiban Bento.
