The_King Posted December 3, 2019 Share Posted December 3, 2019 SINGAPORE - Sushi restaurant operator Sakae Holdings on Thursday night (Nov 14) said its first-quarter net loss widened to $831,000 from $366,000 a year ago, as a result of the group streamlining its operations. Sakae, which is on the Singapore Exchange's (SGX) watch list, saw its loss per share rise to 0.60 cent for the quarter from 0.35 cent a year ago. Revenue for the three months to Sept 30 fell 9.5 per cent to $9.4 million, from $10.4 million a year ago, after the streamlining of operations resulted in the reduction of revenue, a decrease in cost of sales, labour costs and administrative costs. No dividend was declared for the quarter, unchanged from a year ago.' The group said it expects operating conditions to be challenging as food, labour, rental and utilities costs continue to rise in the foreseeable 12 months ahead. This is due to the current uncertain global economic climate, ever present intense competition in the food and beverage (F&B) industry, and perennial acute labour shortage, said the Sakae. "The group will continue to work hard to manage the challenging operating conditions in the F&B industry," it added. Sakae shares last closed on Wednesday at 8.2 cents. It was placed on the SGX watch list on June 6. https://www.straitstimes.com/business/companies-markets/sakae-q1-loss-widens-to-831000-on-streamlining-operations Link to comment Share on other sites More sharing options...
aaur4man Posted December 3, 2019 Share Posted December 3, 2019 Maybe because they never got to hire that dishwasher 3 Link to comment Share on other sites More sharing options...
XianGe Posted December 3, 2019 Share Posted December 3, 2019 34 minutes ago, aaur4man said: Maybe because they never got to hire that dishwasher I was gonna post it as well... Lol Link to comment Share on other sites More sharing options...
unclefcuker Posted December 3, 2019 Share Posted December 3, 2019 Sakae cannot keep up with the competition. Downward spiral until delist. Link to comment Share on other sites More sharing options...
Homelander Posted December 4, 2019 Share Posted December 4, 2019 the quality of sushi went downhill...the teppanyaki now a disaster... Link to comment Share on other sites More sharing options...
meng.huat Posted December 4, 2019 Share Posted December 4, 2019 never eat sakae since I discovered Sushi express Link to comment Share on other sites More sharing options...
XianGe Posted December 4, 2019 Share Posted December 4, 2019 21 minutes ago, meng.huat said: never eat sakae since I discovered Sushi express Even sushi sexpress better Link to comment Share on other sites More sharing options...
meng.huat Posted December 4, 2019 Share Posted December 4, 2019 14 minutes ago, XianGe said: Even sushi sexpress better yea... my atb friends like sushi express... they like the BBQ eel.. Link to comment Share on other sites More sharing options...
The_King Posted December 4, 2019 Author Share Posted December 4, 2019 54 minutes ago, meng.huat said: never eat sakae since I discovered Sushi express 32 minutes ago, XianGe said: Even sushi sexpress better Better in what way Link to comment Share on other sites More sharing options...
meng.huat Posted December 4, 2019 Share Posted December 4, 2019 (edited) 18 minutes ago, The_King said: Better in what way Edited December 4, 2019 by meng.huat Link to comment Share on other sites More sharing options...
XianGe Posted December 4, 2019 Share Posted December 4, 2019 1 hour ago, The_King said: Better in what way Quality of the sashimi 1 Link to comment Share on other sites More sharing options...
The_King Posted December 4, 2019 Author Share Posted December 4, 2019 2 hours ago, XianGe said: Quality of the sashimi Which timing best to go? 1130 or 230 Link to comment Share on other sites More sharing options...
XianGe Posted December 4, 2019 Share Posted December 4, 2019 3 hours ago, The_King said: Which timing best to go? 1130 or 230 1130 ba Must see branch oso... Tink city link branch should be good... 1 Link to comment Share on other sites More sharing options...
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