The food retail division contributed the most to Kimly’s revenue growth and delivered an increase of $15.0 million to reach $119.4 million in FY2021. The increase was mainly due to higher revenue contributions from existing food stalls, growth in food delivery sales and revenue contribution 6 food stalls and 1 confectionery shop opened during FY2021.
The outlet management division contributed growth of $9.2 million in revenue to $112.5 million in FY2021 mainly due to revenue contribution from 3 new coffee shops opened during FY2021, and improvement in footfall at the company’s coffee shops.
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Revenue from outlet investment business more than doubled from $3.1 million to $6.8 million in FY2021, mainly contributed by the sale of beverages and tobacco products, rental income and provision of cleaning and utilities services from the food outlet properties acquired in the second half of FY2020.
