Tung Lok attributed the lower turnover to fewer outlets, lower contribution from its catering business, and also lower revenue from existing outlets.
Tung Lok warns that the operating landscape will remain challenging in the coming year, as persistent macroeconomic volatility continues to dampen business sentiment.
"This compounds existing industry pressures, including escalating operating costs, ongoing labour shortages, and a growing shift in consumer behaviour towards price sensitivity, which are set to weigh on profit margins," says the company in its earnings commentary.
It plans to streamline its operations and consolidate resources while remaining proactive in tapping new opportunities.
See also: Creative remains in the red for FY2025; guides for better FY2026
Tung Lok shares last traded at 8.5 cents.
