BreadTalk’s operating profit surged 23.4% to S$6.4m
Revenue also rocketed by 22.2%.
According to OCBC Investment Research, BreadTalk’s 3Q13 results exhibited the same traits as before. Revenue and operating profit grew 22.2% YoY to S$142.6m and 23.4% to S$6.4m, respectively, following revenue growth across all three operating segments.
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However, operating margins remained depressed with operating profit margin unchanged YoY at 4.5% and higher interest expenses eroding PATMI margin by 0.5ppt to 2.4%. As a result, PATMI was relatively the same at S$3.4m from the same period a year ago.