No Signboard sinks into the red with Q2 net loss of S$337,500.
WHITE pepper crab restauranteur No Signboard Holdings, whose chief executive was arrested and is on bail amid a share buyback probe, sunk into the red with a net loss of S$337,500 in the second quarter ended March 31.
Revenue slipped 0.6 per cent to S$6.8 million, as the restaurant business saw a drop in average spending per customer, while its hotpot and quick-serve restaurants began contributing revenue. Moreover, its beer segment revenue was also weak due to increased competition in the industry, it added.
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