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Kimly more than doubles 1H21 earnings to $22 mil, declares interim DPS of 0.56 cents

Atiqah Mokhtar
Atiqah Mokhtar5/10/2021 2:11 PM GMT+08  • 3 min read
Kimly more than doubles 1H21 earnings to $22 mil, declares interim DPS of 0.56 cents
Kimly's better earnings were underpinned by higher revenue as well as government grants and rental relief.
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Catalist-listed Kimly posted a 106.2% y-o-y increase in earnings to $21.7 million for the 1HFY2021 ended March, from $10.5 million previously.

The group declared interim dividend of 0.56 cents per ordinary share, double the interim dividend amount that was announced during the 1HFY2020.

The higher earnings outpaced revenue for the period, which grew 14.2% y-o-y to $122.6 million, following higher revenue from existing food stalls and coffee outlets operated, increase in food delivery sales, as well as contributions from new food stalls and coffee outlets.

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