Soup Holdings Expects FY24 Loss on Closures, Rising Costs

MT Newswires

2024/12/23

Soup Holdings (SGX:5KI) expects a loss for 2024, reversing the profit from last year, due to outlet closures, higher costs, and underperforming new operations, according to a Saturday filing on the Singapore Exchange.

The company cited rising rentals, manpower shortages, and asset impairments as key factors.

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