Kimly Limited

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11 May 2020 18:42 #25334 by josephyeo
Replied by josephyeo on topic Kimly Limited
Despite Covid 19, Kimly reports improvement in profits:

Kimly: Financial Statements and Related Announcement :: Half Yearly Results

Kimly: Net Profit Grows 5.3% To S$10.5 Million In 1HFY2020.

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11 May 2020 20:57 #25335 by walterlim
Replied by walterlim on topic Kimly Limited
I do not think it is accurate to say the profits improved amid Covid as the results were reported for earnings until end Mar. The lockdown began only in April and extended to 1st June and this will show adverse impact in the second half of their financial performance

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11 May 2020 23:57 #25336 by josephyeo
Replied by josephyeo on topic Kimly Limited
A quote from the management on 1st half result. See below:

The COVID-19 global pandemic has seriously and adversely impacted economic growth prospects in Singapore. The Group’s coffeeshops, canteens and foodcourts remain in operation but only for takeaway and delivery services during the period of the Circuit Breaker from 7 April 2020 to 1 June 2020. However, lesser footfall could be seen at these places during the circuit breaker. In line with the further tightening of circuit breaker measures recently,the Group has suspended operations at its six Rive Gauche outlets and Cake Central Kitchen facility but the Group does not expect the suspension to have any material impact on the Group's revenue.

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