Jumbo Group's Profit Declines 11% in Fiscal H1; Shares Up 6%

MT Newswires

05/12

Jumbo Group's (SGX:42R) attributable profit to owners for the six months ended March 31 declined 11% to SG$7.9 million from SG$8.9 million a year earlier, according to a Friday filing with the Singapore Exchange.

Earnings per share dropped to SG$0.013 compared with SG$0.014 in the comparable period.

Revenue was up 0.3% year over year to SG$97.3 million from SG$97.1 million, due to strong competition in the local F&B sector.

Shares of the food and beverages company were up over 6% in recent trading.

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