SINGAPORE (May 15): Sakae Holdings reported 1Q losses narrowed 34% to $1.3 million from $2.1 million a year ago.
Revenue fell 22.4% to $17.3 million from $22.3 million following the rationalisation of non-performing outlets, the effect of sluggish economic conditions leading to weaker market sentiments, fierce competition in the F&B sector in the Singapore market, as a result of low entry barrier in Singapore.
Sakae says it will continue its efforts to work on introducing new products offerings, and connecting closely with customers through social media and other various marketing platforms.
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