Brief: Kitchen Culture Posts HY Net Loss Attributable S$3.8 Million

SDAI

29/08/2022 16:18

Aug 29 (Reuters) - Kitchen Culture Holdings Ltd  KCHL.SI :
    * HY NET LOSS ATTRIBUTABLE S$3.8 MILLION VERSUS LOSS OF
S$7.0
MILLION
    * HY REVENUE S$3.3 MILLION VERSUS S$7.2 MILLION
    * GROUP'S KITCHEN BUSINESS IN HONG KONG IS EXPECTED TO
REMAIN
PROFITABLE
    * OUTLOOK IN GROUP'S KITCHEN BUSINESS IN MALAYSIA IS
UNFAVOURABLE
DUE TO EXPECTED SUSTAINED OPERATING COST PRESSURES
    * REVENUE GROWTH TO BE MODEST FOR THE NEXT 12 MONTHS IN
RESIDENTIAL PROJECTS AND RETAIL AND DISTRIBUTION SEGMENTS
    * MANAGEMENT IS CURRENTLY REVIEWING STRATEGIC DIRECTION FOR
BUSINESS IN MALAYSIA

Source text for Eikon:  ID:nSNhYclH 
Further company coverage:  KCHL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))