Food Junction Holdings reported a 42.6% drop in net profit to $504,000 for the first quarter ended 31 March 2010 (1QFY2010), compared to $878,000 in the previous corresponding quarter (1QFY2009).
The fall in turnover was led by a $509,000 decrease in sales from self-operated food court stalls as the group streamlines some of its food court stall operations in Singapore; the closure of Kokoro premium gift shop; and the decrease in Malone’s restaurant sales revenue by $125,000, partially due to the impact of the strengthening of the Sing dollar against the yuan.
