Old Chang Kee posts earnings of $6.2 mil in 1HFY2025, up 42.3% y-o-y on higher sales and lower costs

Gross profit margin increased by 3% to 69.5% in 1HFY2025, largely driven by improved food suppliers cost management resulting in the reduction in cost of sales; effective product pricing management; and reduction in utilities and product staff costs as a percentage of revenue.

Earnings per share stood at 5.12 cents, compared to 3.61 cents in 1HFY2024.

The company has declared an interim dividend of 1 cent per share, payable on December 20.

To navigate the period of sustained inflation, Old Chang Kee (SGX:5ML) will maintain its current strategies, focusing on reducing operating costs, enhancing gross margins and optimising operations to manage manpower constraints. 

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Additionally, the company is actively pursuing non-retail revenue sources, such as business-to-business sales. 

Shares in Old Chang Kee closed 0.5 cents higher or 0.6% up on Nov 8 at 77 cents.