, Singapore

No Signboard reports Q3 net loss of SG$1.4m

The group is exploring opportunities to grow outside of Singapore.

No Signboard Holdings slipped into the red in its fiscal third quarter, reporting a net loss of SG$1.4m compared to the year before, citing higher operating expenses incurred for its hotpot and quick service restaurants.

The SGX-listed seafood restaurant group also reported revenue falling 15% SG$5.9m in Q3 from SG$7m the year prior, citing a 10% reduction in the average spending per customer, whilst revenue from its beer segment declined significantly due to increased competition.

No Signboard said it plans to utilise its brand to look for growth outside of the Lion City, saying it would continue to explore suitable opportunities to strengthen its competitive edge in its existing business, whilst diversifying its food and beverage business.

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!