YKGI has reported a 20.6% y-o-y lower earnings for the 1HFY2025 ended June 30, of $1.96 million, down from the $2.47 million reported in the same period a year ago.

Revenue for 1HFY2025 grew 4.6% y-o-y to $33.4 million.

YKGI, which stands for Yew Kee Group, manages five food courts located in Singapore under the My Kampung and Fine Food brands.

The group says that revenue increase is mainly due to revenue from its F&B Operations increasing due to new outlets opening in 2HFY2024 and 1HFY2025; a rise in foot traffic from the two universities it has food courts in; and incremental revenue from new outlets in operations for its franchise business.

Other income decreased $400,000 due to a reduction in government grants, and purchases and related costs grew $400,000 due to corresponding sales growth.

As at June 30, the group’s cash and bank balances amounted to $20.6 million.

Shares in YKGI closed 0.4 cents higher or 3.810% up at 10.9 cents on Aug 11.