SINGAPORE (May 14): The Covid-19 outbreak has caused restaurant operator Jumbo Group to suffer a 71.5% y-o-y drop in earnings to $2.1 million for its 1HFY20 ended March 31. Revenue in the same period was down 13.1% y-o-y to $66.7 million. “The last few months have proved to be the most challengin...

JUMBO Group is expected to report a significantly lower profit after tax year-on-year for H1 FY2020, owing to the impact of Covid-19 across its markets, it warned.

SINGAPORE (May 4): Restaurant chain operator Jumbo Group is expecting to report a “significantly lower profit after tax” for 1HFY2020. In a profit warning issued on Monday after market hours, the group says it has suffered a “significant decline” in its Singapore revenue from January to Mar...

DBS Group Research has downgraded Jumbo Group to "hold" from "buy", with a lowered target price of S$0.18, from S$0.38 previously.

SINGAPORE (Feb 13): UOB Kay Hian has downgraded seafood restaurant chain Jumbo Group to “hold” from “buy” previously, and slashed its target price by 27% to 32 cents. Jumbo’s earnings are expected to be hit hard by the outbreak of the novel coronavirus CoVid-19, due to slowdown in the num...

SINGAPORE (Dec 16): Jumbo Group, the food and beverage (F&B) operator, has opened its first Ng Ah Sio Bak Kut Teh and Xinyao Hainanese Chicken Rice restaurants in China. Located at Shanghai One International Trade Centre (ITC), the Ng Ah Sio restaurant can seat up to 68 people, while Xinyao can...

JUMBO Group announced on Sunday the opening of its first NG AH SIO Bak Kut Teh and Xinyao Hainanese Chicken Rice outlets in Shanghai.

SINGAPORE (Nov 27): Restaurant chain operator Jumbo Group reported a 5.9% increase in full-year earnings to $11.7 million for FY2019 ended September, from $11.0 million a year ago. This translated to earnings per share (EPS) of 1.8 cents for FY2019, compared to EPS of 1.7 cents in FY2018. The impro...

SEAFOOD restaurant operator Jumbo Group saw net profit rise 5.9 per cent to S$11.7 million for the full year ended Sept 30, despite a marginal decrease in revenue.

SEAFOOD restaurant operator Jumbo Group saw net profit rise 5.9 per cent to S$11.7 million for the full year ended Sept 30, 2019 despite a marginal decrease in revenue.