$Soup Holdings(5KI.SI)$ Source-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Soup Holdings(5KI.SI)$ Source : The Edge Singapore

Restaurant operator Soup Holdings says revenue for the year ended June 30 dipped slightly by $0.1 million to end the year at $19.5 million.

However, due to higher costs of various kinds, it dipped into a loss of $673,000,from earnings of $224,000 in the year-earlier.

The company says the food & beverage industry in Singapore remains highly competitive, characterised by the ongoing entry of both local and foreign operators, rising operating costs, manpower constraints, and changing consumer preferences.

"At the same time, regional retail dynamics are evolving, driven by cross-border infrastructure developments.

"Notably, the upcoming completion of the Johor Bahru–Singapore Rapid Transit System (“RTS”) Link may lead to a structural shift in cross-border connectivity, impacting consumer travel patterns as well as retail and F&B spending across both markets, as indicated by recent surveys," the company adds.

Soup Holdings says it will try and improve efficiency and work on refreshing its brand positioning and offerings to meet evolving consumption habits.

Song Bo James?

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Comments

Boss of soup
08-11 15:27
Boss of soup
I will support soup shares at 3.x cents, 35% cheaper than Ang Yu Seng purchase price of 6 cents. I will make sure shortist has no shares to cover back if they short at 3.x cents

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However, due to higher costs of various kinds, it dipped into a loss of $673,000,from earnings of $224,000 in the year-earlier. The company says the food & beverage industry in Singapore remains highly competitive, characterised by the ongoing entry of both local and foreign operators, rising operating costs, manpower constraints, and changing consumer preferences. \"At the same time, regional retail dynamics are evolving, driven by cross-border infrastructure developments. \"Notably, the upcoming completion of the Johor Bahru–Singapore Rapid Transit System (“RTS”) Link may lead to a structural shift in cross-border connectivity, impacting consumer travel patterns as well as retail and F&B spending across both markets, as indicated by recent surveys,\" the company adds. Soup Holdings says it will try and improve efficiency and work on refreshing its brand positioning and offerings to meet evolving consumption habits. 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