Jumbo Group net profit up 11.9% YoY to $8.89m in 1H24

Mainboard-listed Jumbo Group reported an 11.9% YoY higher net profit of $8.89m in 1H24 amid a rise in income from its local operations. Revenue from Singapore operations rose by 21.5% to $85.3min 1H24.

The company said revenue from its unit in Beijing decreased by 26.2% YoY to $9.9m in 1H24. The Jumbo Seafood outlet in Xi’an also ceased operations in November 2023. Jumbo’s board of directors has declared a tax-exempt interim cash dividend of 0.5 cents per ordinary share....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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