Serious Old Chang Kee Curry Puffs Huat Huat! 53% Increase In Profit, 18% Increase In Revenue!

[JohnTan]

SINGAPORE – Curry puff specialist Old Chang Kee’s net profit rose 52.6 per cent to $3.5 million for its fiscal second half ended March 31, thanks to higher sales.

The company on Monday posted an 18.4 per cent increase in revenue for the half year to $46.1 million, aided by higher sales with the continued reopening of Singapore’s economy. This comes even as the number of outlets it has in Singapore dropped to 79 from 83 as at end-March 2022.

Revenue from Old Chang Kee’s retail outlets rose by $6.1 million, or 17.2 per cent, to $41.5 million on stronger contributions from new and existing outlets. Non-outlet sales likewise increased, rising by $1.1 million to $4.6 million due to higher corporate catering orders, non-retail sales and events sales. This was offset by lower delivery sales.

The company saw a 4.8 per cent increase in selling and distribution expenses to $18 million amid higher staff costs, outlets’ utility expenses and rental expenses, and the absence of rental rebates.

Its other expenses increased by $120,000 mainly because of higher impairment for the amount due from its joint venture in Britain.

For the full year, Old Chang Kee’s net profit was up 8.4 per cent to $6.2 million, while its revenue rose 15.9 per cent to $89.8 million. The company declared a final dividend of one cent per share, unchanged from the year-ago period.

In a commentary accompanying its results, Old Chang Kee explained that its number of outlets has reduced partly due to infrastructural developments at various locations, necessitating the closure of these outlets.

Nevertheless, the group has and will continue with efforts to drive revenue growth, improve gross margins and rationalise its operations “to overcome manpower shortages and seek more non-retail revenue streams during this inflationary period”, it said.

The company will also continue to look for opportunities to increase the number of outlets at key transport nodes.

Old Chang Kee shares closed flat at 62 cents on Monday. THE BUSINESS TIMES

https://www.straitstimes.com/busine...rofit-jumps-526-to-35-million-on-higher-sales

 

[syed putra]

Maybe its cheaper to eat curry puffs than chicken rice or hokkien mee.

 

[glockman]

SINGAPORE – Curry puff specialist Old Chang Kee’s net profit rose 52.6 per cent to $3.5 million for its fiscal second half ended March 31, thanks to higher sales.

The company on Monday posted an 18.4 per cent increase in revenue for the half year to $46.1 million, aided by higher sales with the continued reopening of Singapore’s economy. This comes even as the number of outlets it has in Singapore dropped to 79 from 83 as at end-March 2022.

Revenue from Old Chang Kee’s retail outlets rose by $6.1 million, or 17.2 per cent, to $41.5 million on stronger contributions from new and existing outlets. Non-outlet sales likewise increased, rising by $1.1 million to $4.6 million due to higher corporate catering orders, non-retail sales and events sales. This was offset by lower delivery sales.

The company saw a 4.8 per cent increase in selling and distribution expenses to $18 million amid higher staff costs, outlets’ utility expenses and rental expenses, and the absence of rental rebates.

Its other expenses increased by $120,000 mainly because of higher impairment for the amount due from its joint venture in Britain.

For the full year, Old Chang Kee’s net profit was up 8.4 per cent to $6.2 million, while its revenue rose 15.9 per cent to $89.8 million. The company declared a final dividend of one cent per share, unchanged from the year-ago period.

In a commentary accompanying its results, Old Chang Kee explained that its number of outlets has reduced partly due to infrastructural developments at various locations, necessitating the closure of these outlets.

Nevertheless, the group has and will continue with efforts to drive revenue growth, improve gross margins and rationalise its operations “to overcome manpower shortages and seek more non-retail revenue streams during this inflationary period”, it said.

The company will also continue to look for opportunities to increase the number of outlets at key transport nodes.

Old Chang Kee shares closed flat at 62 cents on Monday. THE BUSINESS TIMES

https://www.straitstimes.com/busine...rofit-jumps-526-to-35-million-on-higher-sales

You think their share can buy or not?

 

[borom]

It's probably one of the most unhealthy food around but long queues almost everyday

 

[JohnTan]

You think their share can buy or not?

I expect their share price to now stabilize. It IPOed years ago around 20 cents and reached a peak of around $1 years ago. Now, their expansion phase is over and they are just another stable company. Dividend yield about 1.5%, less than your CPF OA.

Can buy a bit to hold if you like their food. Shouldn't see heavy losses if you buy their stock.

 

[syed putra]

I expect their share price to now stabilize. It IPOed years ago around 20 cents and reached a peak of around $1 years ago. Now, their expansion phase is over and they are just another stable company. Dividend yield about 1.5%, less than your CPF OA.

Can buy a bit to hold if you like their food. Shouldn't see heavy losses if you buy their stock.

the owner is a scrooge

 

[glockman]

I expect their share price to now stabilize. It IPOed years ago around 20 cents and reached a peak of around $1 years ago. Now, their expansion phase is over and they are just another stable company. Dividend yield about 1.5%, less than your CPF OA.

Can buy a bit to hold if you like their food. Shouldn't see heavy losses if you buy their stock.

Appreciate your input. I don't really like their food, but I'll probably buy a few shares.

 

[JohnTan]

the owner is a scrooge

How much potato you want in your curry puff?

 

[k1976]

U

SINGAPORE – Curry puff specialist Old Chang Kee’s net profit rose 52.6 per cent to $3.5 million for its fiscal second half ended March 31, thanks to higher sales.

The company on Monday posted an 18.4 per cent increase in revenue for the half year to $46.1 million, aided by higher sales with the continued reopening of Singapore’s economy. This comes even as the number of outlets it has in Singapore dropped to 79 from 83 as at end-March 2022.

Revenue from Old Chang Kee’s retail outlets rose by $6.1 million, or 17.2 per cent, to $41.5 million on stronger contributions from new and existing outlets. Non-outlet sales likewise increased, rising by $1.1 million to $4.6 million due to higher corporate catering orders, non-retail sales and events sales. This was offset by lower delivery sales.

The company saw a 4.8 per cent increase in selling and distribution expenses to $18 million amid higher staff costs, outlets’ utility expenses and rental expenses, and the absence of rental rebates.

Its other expenses increased by $120,000 mainly because of higher impairment for the amount due from its joint venture in Britain.

For the full year, Old Chang Kee’s net profit was up 8.4 per cent to $6.2 million, while its revenue rose 15.9 per cent to $89.8 million. The company declared a final dividend of one cent per share, unchanged from the year-ago period.

In a commentary accompanying its results, Old Chang Kee explained that its number of outlets has reduced partly due to infrastructural developments at various locations, necessitating the closure of these outlets.

Nevertheless, the group has and will continue with efforts to drive revenue growth, improve gross margins and rationalise its operations “to overcome manpower shortages and seek more non-retail revenue streams during this inflationary period”, it said.

The company will also continue to look for opportunities to increase the number of outlets at key transport nodes.

Old Chang Kee shares closed flat at 62 cents on Monday. THE BUSINESS TIMES

https://www.straitstimes.com/busine...rofit-jumps-526-to-35-million-on-higher-sales

u see... We are in good hands.... Raise GST can really help the poor de

 

[Balls2U]

Once upon a time, their curry puffs were selling for only 50 cents. Now, it's $2! And the standard has dropped. Tell them go fuck themselves.

 

[syed putra]

Once upon a time, their curry puffs were selling for only 50 cents. Now, it's $2! And the standard has dropped. Tell them go fuck themselves.

For many, one puff is lunch. Just to save.

 

[syed putra]

How much potato you want in your curry puff?

Its the 1.5% dividend. Too low. Hiw ti eXpand like mcdonald if cannot attract interest.

 

[eatshitndie]

For many, one puff is lunch. Just to save.

for me, 1 puff for breakfast, 1 puff for lunch, 1 puff for dinner, plus a bottle of water for 90c. $6.9 for a day’s worth of food.

 

[laksaboy]

Life is good when you are a porlumpar and get those lucrative NDP contracts.

 

[Scrooball (clone)]

U

u see... We are in good hands.... Raise GST can really help the poor de

Should raise to 50% then