News

Food & Beverage

Staff Reporter

, Singapore

Published:

1 year ago

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Photo by RDNE Stock project on Pexels

Tung Lok Restaurants net loss reaches $2.6m in H1 2025

The group’s revenue decreased by 9.5% to $38.5m from $42.6m in H1 2024.

Tung Lok Restaurants has recorded a net loss attributable to the owners of the company amounting to $2.6m for the six months ended 30 September 2024 (H1 2025) due to the decline in overall revenue compared to the six-month period ended 30 September 2023 (H1 2024), according to a bourse filing.

The group’s revenue decreased by 9.5% to $38.5m in H1 2025 from $42.6m in H1 2024, attributed to a $2m loss of revenue contribution from three outlets that were closed during the financial year ended 31 March 2024 (FY 2024), a $1.5m lower revenue contribution from the catering business, and a $0.6m lower revenue contribution from existing outlets.

The gross profit decreased by 15.9% to $27.1m in H1 2025 from $30m in H1 2024, whilst the gross profit margin decreased by 0.2 percentage points (pp) to 70.3% in H1 2025 from 70.05% in H1 2024 due to higher food raw material costs.

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