Soup Restaurant swings into 2Q net loss

SINGAPORE (Aug 5): Soup Restaurant has posted a net loss of $180,000 for 2Q ended June, reversing from earnings of $25,000 from a year ago.

This comes as revenue declined 11.8% to $8.7 million, mainly due to the loss of revenue from the closure of two outlets, the first being due to extensive mall refurbishments and the second slated for relocation at the end of the 2Q.

Cash and cash equivalents stood at $7.5 million as at end June.

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