I met them at the MRT station near my office during lunch time and this was what they gave me:
I guess this is what I will be having for my tea breaks this week. Thanks, guys.
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12 Quick Things I Learned From BreadTalk’s AGM 2014 (by Rusmin Ang).
Singapore bakery and food court operator BreadTalk on Monday (Nov 9) announced a 60 per cent drop in third-quarter net profit, due to rising costs and poorer performance at its bakeries.
ReplyDeleteBreadTalk earned S$1.6 million in the three months ended September, down from S$3.9 million in the same period a year ago. Its revenue rose 4.7 per cent to S$162 million during the quarter.
BreadTalk made a net profit of S$6.5 million for the nine months ended September, a drop of 23 per cent from a year ago.
Commenting on its results, BreadTalk said earnings for the nine months fell mainly due to higher depreciation expenses associated with newly-opened outlets that are still under gestation.
The group was also hit by higher costs in China and Singapore.
Looking ahead, BreadTalk said its bakery division is in the process of implementing new strategies to improve profitability. The plans include addressing its underperformance in certain areas such as Hong Kong and Malaysia.
The food atrium division continues to see operating challenges from the slowdown in mainland China.
Source:
http://www.channelnewsasia.com/news/business/singapore/breadtalk-s-q3-net-profit/2249304.html