Slice and dice strategy working for F&B group Katrina

SINGAPORE (Oct 14): Katrina Group is expected to stay profitable in FY17 as it gets ready to launch new restaurants in all its proprietary brands while tapping online food ordering technology, says CIMB analyst William Tng in an unrated note.

Katrina currently owns and operates nine different F&B brands which cater to a diverse group of customers in different market segments. Its restaurants are mostly located in Singapore, with another two in Beijing, China. It also has its own online food ordering and delivery system.

In 1H16, Katrina posted a 34% decline in earnings despite revenue increasing 15% from the opening of five new outlets in 2HFY15.

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