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Tung Lok sinks into the red with FY18 loss of $1.4 mil

Michelle Zhu
Michelle Zhu5/28/2018 07:11 PM GMT+08  • 2 min read
Tung Lok sinks into the red with FY18 loss of $1.4 mil
SINGAPORE (May 28): Tung Lok Restaurants (2000) reported a loss of $1.4 million in FY18 compared to earnings of $0.42 million in FY17 due to a combination of higher expenses and lower other operating income.
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SINGAPORE (May 28): Tung Lok Restaurants (2000) reported a loss of $1.4 million in FY18 compared to earnings of $0.42 million in FY17 due to a combination of higher expenses and lower other operating income.

For the 2H ended March, the group reported earnings of $0.8 million compared to $1.4 million in 2H17.

Revenue for the full year under review grew 0.8% to $85.7 million from $85.1 million a year ago due to higher catering sales and the stronger performance of existing outlets.

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