These two company recently announced the combined result of Thai Beverage Public Company Ltd and Jumbo Group Ltd. Singapore stock market news Most companies have already reported their latest financial results, These companies getting towards the ending of their earnings season and categorize, unite them into three pillars of positive, negative and mixed.
THAI BEVERAGE PUBLIC COMPANY LTD is a first company who take part in that recent news. This company operates in four different segments, namely, Spirits, Beer, Food, and Non-Alcoholic Beverages.
JUMBO GROUP LTD is a second company majorly operating in the famous chili crab served in it JUMBO seafood chain of restaurants.
SECOND QUARTER REVENUE OF THESE TWO COMPANIES:
THAI BEVERAGE LTD: Its revenue was recorded up to 34.3% to 67.6 billion. Spirits, Beer, and Food segments saw their revenues growth by 14.3%, 74.4% and 107.7%% & Earnings before interest, tax, depreciation, and amortization grew by 28.2% to THB 11.9 billion per year respectively recorded in the quarterly report.
JUMBO GROUP LTD: Jumbo’s revenue improved by 6.0% to S$41.7 million and its revenue growth was driven by Singapore and China. Similarly, by denoting revenue growth, gross profit for the quarter increased by 5.0% to S$26.4 million compared to a year ago. The decline in net profit was driven by higher operating expenses result in an increase in the number of outlets and expansion of corporate offices in Singapore and China deteriorate net profit for the quarter which felled by 26.2% year-on-year to S$4.2 million.
Executive Director of JUMBO and Ang Kiam Meng, Group CEO commented:
"The necessary short-term costs to support our expansion and JUMBO’s long-term growth story remains complete in view of the rising consumerism in the PRC.
Revenue growth from our Singapore and PRC operations underscores the success of our business expansion strategy and the appeal of the JUMBO Seafood brand among consumers within our core markets.
The performance of new outlets as well as the higher expenses associated with the opening of new outlets during their initial gestation period was reflected in our Q2 FY2018 results."
THAI BEVERAGE PUBLIC COMPANY LTD is a first company who take part in that recent news. This company operates in four different segments, namely, Spirits, Beer, Food, and Non-Alcoholic Beverages.
JUMBO GROUP LTD is a second company majorly operating in the famous chili crab served in it JUMBO seafood chain of restaurants.
SECOND QUARTER REVENUE OF THESE TWO COMPANIES:
THAI BEVERAGE LTD: Its revenue was recorded up to 34.3% to 67.6 billion. Spirits, Beer, and Food segments saw their revenues growth by 14.3%, 74.4% and 107.7%% & Earnings before interest, tax, depreciation, and amortization grew by 28.2% to THB 11.9 billion per year respectively recorded in the quarterly report.
The Spirit and Food segments performed well with higher profitability, offset by the weaker performance in the Beer and Non-Alcoholic Beverages segments. However, its net profit attributable to shareholders will decreases by 3.2% to THB 6.3 billion year-on-year driven by weaker profitability in the Beer and Non-Alcoholic Beverages segments. Its balance sheet declined in the past few quarters, with net debt of THB 214.1 billion as of 31 March 2018, up from the THB 30.7 billion recorded on 30 September 2017.
JUMBO GROUP LTD: Jumbo’s revenue improved by 6.0% to S$41.7 million and its revenue growth was driven by Singapore and China. Similarly, by denoting revenue growth, gross profit for the quarter increased by 5.0% to S$26.4 million compared to a year ago. The decline in net profit was driven by higher operating expenses result in an increase in the number of outlets and expansion of corporate offices in Singapore and China deteriorate net profit for the quarter which felled by 26.2% year-on-year to S$4.2 million.
Executive Director of JUMBO and Ang Kiam Meng, Group CEO commented:
"The necessary short-term costs to support our expansion and JUMBO’s long-term growth story remains complete in view of the rising consumerism in the PRC.
Revenue growth from our Singapore and PRC operations underscores the success of our business expansion strategy and the appeal of the JUMBO Seafood brand among consumers within our core markets.
The performance of new outlets as well as the higher expenses associated with the opening of new outlets during their initial gestation period was reflected in our Q2 FY2018 results."
