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Soup Restaurant’s FY16 earnings rise 3.2% to nearly $1 mil

Michelle Zhu
Michelle Zhu2/28/2017 07:29 PM GMT+08  • 2 min read
Soup Restaurant’s FY16 earnings rise 3.2% to nearly $1 mil
SINGAPORE (Feb 28): Soup Restaurant Group reported a 3.2% rise in FY16 earnings of $998,000 on lower expenses.
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SINGAPORE (Feb 28): Soup Restaurant Group reported a 3.2% rise in FY16 earnings of $998,000 on lower expenses.

This comes despite a 6.4% fall in revenue to $38.3 million from $41 million in the previous year, mainly due to the loss of revenue of $4.6 million from the closure of three outlets.

Nonetheless, the group’s existing and five additional new outlets which opened over the last two quarters grew by $1.9 million, while revenue from its food processing, distribution and procurement services segment also increased by $0.1 million.

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