(August 12 10:17) Sbr.com.sg
Uploaded By:
Clarist Zablan
Submitted By:
Clarist Zablan
Case Study:
No
Its outlet and mall management segment saw lower fixed and variable rental income.
Koufu Group saw its profits attributable to its owners shrink 82% YoY to $2.54m in H1 2020, from $14.11m in H1 2019, the company announced. Revenue fell 23.2% to $88.97m over the same period.
The weaker revenue was largely blamed on the impact of the outbreak and subsequent measures. Further, the lower topline was due to lower contributions from both the outlet and mall management segment and food and beverage (F&B) retail segment.
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