Seedcom, the operator of The Coffee House beverage chain and June fashion outlets, gained revenues of over $60.5M in the first nine months, a 50 per cent year-on-year surge, despite losses.
The company posted losses in the period, Seedcom CEO Nguyen Hoanh Tien said, not revealing the exact amount of loss.
“With big investments, firms under Seedcom are expected to see much improved financial results in the last months of this year,” he said.
Seedcom, established in 2014, also owns delivery companies AhaMove, Giao Hang Nhanh, and retail chain Kingfoodmart. Of Seedcom’s total revenues in the first nine months, over 37 per cent came from The Coffee House, more than 25 per cent from the fashion group, and some 20 per cent from Kingfoodmart.
