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tung lok restaurants 2000 (540) Snapshot

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tung lok restaurants 2000 (540) Details

Tung Lok Restaurants (2000) Ltd, an investment holding company, owns, operates, and manages restaurants in Singapore and the People’s Republic of China. It is also involved in the central kitchen support function business, as well as management consulting, catering, and franchise businesses. In addition, the company produces and exports various products, such as fresh dim sums, rice dumplings, mooncakes, Chinese new year pastries, and festive foods. In addition, the company offers home-delivery services for various ready-to-cook and ready-to-eat dishes through its online store homefiesta.tunglok.com. As of March 31, 2017, the company operated a total of 45 outlets. Tung Lok Restaurants (2000) Ltd was founded in 1980 and is based in Singapore.

Founded in 1980

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tung lok restaurants 2000
Tung Lok Restaurants (2000) Ltd Announces Executive Changes

The Board of Directors of Tung Lok Restaurants (2000) Ltd. announced that Ms. Lynn Wan Tiew Leng has been appointed as Company Secretary of the Company in place of Ms. Chan Wai Teng Priscilla who has resigned with effect from 24 November 2017.

Tung Lok Restaurants (2000) Ltd Reports Unaudited Group Earnings Results for the First Half Year Ended of September 30, 2017

Tung Lok Restaurants (2000) Ltd. reported unaudited group earnings results for the first half year ended of September 30, 2017. For the period, the company reported revenue of SGD 37,295,000 compared to SGD 39,728,000 a year ago. Loss before tax was SGD 2,886,000 compared to SGD 1,625,000 a year ago. Loss for the period was SGD 2,836,000 compared to SGD 1,402,000 a year ago. Loss attributable to owners of the company was SGD 2,170,000 compared to SGD 989,000 a year ago. Net cash used in operating activities was SGD 2,497,000 compared to SGD 2,542,000 a year ago. Purchase of property, plant and equipment was SGD 692,000 compared to SGD 977,000 a year ago. Diluted loss per share was 0.79 cents compared to 0.36 cents a year ago. Net asset value per ordinary share was 5.51 cents as on September 30, 2017. Other operating income decreased by SGD 0.6 million to SGD 0.8 million in Half year 2018 from SGD 1.4 million in Half year 2017 mainly due to lower marketing and promotional funds of SGD 0.4 million received and lower grants/credits of SGD 0.2 million received from various government schemes.

Tung Lok Restaurants (2000) Ltd Provides Group Earnings Guidance for the Half Year Ended September 30, 2017

Tung Lok Restaurants (2000) Ltd. provided group earnings guidance for the half year ended September 30, 2017. Based on the preliminary review of the unaudited financial results for the half year ended September 30, 2017, the Group is expected to report a net loss for the half year ended September 30, 2017. The loss is mainly attributable to the decrease in the Group's revenue as a result of the challenging economic environment which has affected overall sales.


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