FRANCHISING | Staff Reporter, Singapore

Breadtalk Group's profit up 62% to US$1.5m in Q2

It followed an 18.7% rise in other income to $5.68 million.

Breadtalk Group has reported a 61.9% increase in net profit to S$2.11 million (US$1.5 million) for its second quarter ended June 30.

The company said that its higher earnings were achieved by consistent focus on evaluating and streamlining portfolios while maximising growth opportunities.

“This places the group in a strong position to rise above the difficult retail environment,” said chairman George Quek.

While outlet openings still proceed at a cautious pace, the group said that it will continue to focus on improving overall profitability and quality of earnings.

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