HONG KONG (Yosefardi) – Food Junction Holdings Limited recorded a turnover of S$16.8 million for 2Q 2013 (2Q 2012: S$14.7 million), an increase of S$2.1 million (14.2%) over 2Q 2012.
The increase in turnover was mainly due to the new streams of revenue contribution from new restaurants that were in operation after 2Q 2012. These new restaurants comprised (i) The Boxing Crab (since Aug 2012); (ii) One Market (since Nov 2012) and (iii) LP+Tetsu (ME@OUE) (since Feb 2013).
The increase in revenue was offset by (i) decline in F&B sales from certain self-operating stalls, (ii) cessation of 2 overseas food courts (1 in Malaysia and 1 in Indonesia) as part of the Group’s review of its operations and (iii) cessation of 1 local halal food court at Lot 1, due to the expiry of tenancy lease.
As at 30 June 2013, the Group managed and operated 15 food courts (2Q 2012: 18), 27 self-operated food courts stalls (2Q 2012: 31), 10 Toast@Work outlets (2Q 2012: 9), 2 LP + Tetsu (2Q 2012: 1), 1 Malone’s restaurant (2Q 2012: 1), 1 SoEZ cooking studio (2Q 2012: 2), 1 Chinese restaurant, Lippo Chiuchow restaurant (2Q 2012: 1), 1 LiXuan Chinese restaurant (2Q 2012: 1) and 2 Mediterranean restaurants, The Medzs (2Q 2012: 2), 1 Eggs & Berries (2Q 2012: 1), 1 Squirrel Bites snack kiosk (2Q 2012: 1) , 1 The Boxing Crab (2Q 2012: Nil.) and 1 One Market (2Q 2012: Nil).
On an overall basis, the Group recorded a loss after tax of S$0.5 million for 2Q 2013 (2Q 2012: profit after tax S$0.2 million).
Food Junction is a company listed on the Singapore Exchange Securities Trading Limited (SGX) and in which Auric Pacific Group Limited is interested in approximately 61.4 per cent. of its issued share capital. As at the date of this Announcement, Lippo China Resources Limited (LCR), a subsidiary of Lippo, is interested in approximately 49.3 per cent. of the issued share capital of Auric.