After adjusting for non-cash items, the company registered a positive Ebitda of $5.7 million for FY2021, albet lower than the $8.0 million recorded for FY2020. No dividends will be paid for FY2021. Liquidity will be conserved to support working capital requirements and carefully assessed growth investments and developments, Jumbo says in a statement.. Moving into FY2022, Covid continues to impose uncertainty on Jumbo's operating environment.
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Pressure on the bottom line will continue to persist, with the Singapore Government’s support such as the Jobs Support Scheme tapering off, landlords’ rental rebates declining, and meaningful cost optimisation efforts maximised, the company says in a statement.
