Koufu posts 3.7% rise in Q4 net profit on higher sales

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Koufu posts 3.7% rise in Q4 net profit on higher sales.

FOOD court operator Koufu lifted its fourth-quarter net profit by 3.7 per cent on higher sales, the group said on Tuesday.

The results translate to earnings per share of 1.35 Singapore cents, against earnings per share of 1.50 Singapore cents.sentifi.comRevenue contribution from the outlet and mall management segment increased by S$3.3 million from a year ago to S$29.6 million, as contributed by three new food courts and one coffee shop opening in fiscal 2018 at Fusionopolis, Oasis Terrace, Sengkang General Hospital and Tampines T-Space.

The board has proposed a final dividend of 1.2 Singapore cents per share. It did not declare a final dividend in the year-ago period.

 

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