1. Describe RE&S’s financial performance over the past few years.
RE&S is a multi-concept owner and operator of F&B outlets in Singapore and Malaysia that provides customers with authentic Japanese cuisine and dining experiences. It has a network of over 70 F&B outlets, a corporate headquarters at Tai Seng which houses the corporate office and central kitchen, and a procurement office in Japan.
FY2021 saw a turnaround in the group’s performance with a $10.9 million profit before tax. This represents an 8.8% net profit before tax (NPBT) margin, which contrasts with the –5.1% in FY2020, and the 3.8% in FY2019. FY2020 was particularly challenging for the group as the year was impacted by major store renovations and Covid-19.