Kimly, the traditional Singaporean coffee shop operator has recorded a 5.3 percent year-on-year boost in half-year profit to SG$10.5 million. (US$7.4 million).
Whilst the F&B industry around the world is taking a hit, due to the current global pandemic – Kimly’s coffee shops have been able to remain open for takeaway and delivery services throughout.
“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.” – Company Statement.
