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RE&S posts 11.2% drop in 4Q earnings to $0.9 mil on higher expenses

Stanislaus Jude Chan
Stanislaus Jude Chan8/21/2018 12:27 AM GMT+08  • 2 min read
RE&S posts 11.2% drop in 4Q earnings to $0.9 mil on higher expenses
SINGAPORE (Aug 20): Japanese multi-brand food and beverage group RE&S Holdings saw its earnings fall 11.2% to $0.9 million for the 4Q ended June, from $1.1 million a year ago.
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SINGAPORE (Aug 20): Japanese multi-brand food and beverage group RE&S Holdings saw its earnings fall 11.2% to $0.9 million for the 4Q ended June, from $1.1 million a year ago.

This brings full-year earnings to $3.6 million for FY18, some 37.3% lower than earnings of $5.7 million a year ago.

4Q18 revenue rose slightly by 1.2% to $35.3 million, from $34.9 million a year ago. This was mainly attributable to a newly-opened Ichiban Boshi outlet in 4Q18 and two Ichiban Sushi outlets in prior quarters.

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