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Soup Restaurant’s 1Q earnings up from lower cost

Trinity Chua Published on Thu, May 12, 2016 / 8:42 PM GMT+8

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SINGAPORE (May 12): Soup Restaurant’s 1Q earnings almost doubled to $0.7 million from a year ago on the back of lower expenses.

Revenue, however, fell 2.8% to $10.5 million, as two outlets closed down. The first due to refurbishment works, and the second is slated for relocation in 2Q.

Revenue from existing outlets increased by 6% during 1Q.

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