Tung Lok Restaurants

The group’s revenue saw a 9.5% y-o-y decrease to $38.5 million in 1HFY2025.

The group says that this is due to a “challenging economic environment” which has led to decrease in revenue.

Tung Lok will use the three-year tenancy agreement with China Classic to operate its “Qin” restaurant at The Clan Hotel.

The premise will be used to operate a Lao Beijing restaurant.

The decrease in earnings was largely due to increments in finance costs and other administrative and operating expenses.

The agreement is for the operation of Tung Lok Signatures at The Central.

SINGAPORE (Feb 20): As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher.