Old Chang Kee's net profit rises 50% YoY to $5.29m in H2 2024

Full-year profits also increased by double digits.

Old Chang Kee's net profit jumped 50% YoY to $5.29m in H2 2024.

In a bourse filing, the food and beverage chain said revenue grew by 10% to $50.71m in the six months ending March, driven by higher retail, delivery, catering and non-retail sales.

Old Chang Kee said sales from its retail outlets grew 8.3% YoY due to incremental revenue from new outlets and higher gains from existing outlets. A decrease in sales from closed outlets partially offset the growth. The company operates 79 outlets in Singapore.

Revenue from other services, such as delivery, catering services, and non-retail sales, also increased, rising by 24.4% YoY.

The company attributed the increase to higher delivery revenue, corporate catering orders and non-retail sales, with the continued pick-up in events being organised in the second half of FY 2024.

Meanwhile, Old Chang Kee said its selling and distribution expenses rose by 12.8% due to higher staff costs, advertising and promotion, depreciation of right-of-use assets, and turnover rental expenses.

Follow the link for more news on

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia