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Latest Quarterly Performance – 2 Companies Delivered Mixed Results

In the latest earning seasons, we saw both the winners and the losers amid the challenging economic conditions.

As is common with every earnings season, there will be some companies posting growth, some posting mixed numbers, and some experiencing declines.

So, which are the businesses that have recently posted mixed results? Here are two of them:

JUMBO Group Ltd (SGX: 42R) is the first on the list of mixed bags.

As a quick introduction, Jumbo Group may be best known for its namesake seafood restaurants around Singapore. The group has over 20 restaurants in Singapore, China and Japan. JUMBO Group’s set of restaurants includes JPot, Ng Ah Shio Bak Kut Teh, Chui Huay Lim Teochew Cuisine and J Cafe.

As a whole, Jumbo Group’s topline expanded but bottomline slipped. The restaurant operator registered free cash flow and maintained a clean balance sheet.

Financially, revenue was up by 6.4% year-on-year to S$34.8 million. Yet, profit attributable to shareholders was down by 1.1% to S$3.4 million, resulting in a marginal decrease in earnings per share.

As for its outlook, this is what the company had to say:

“The food and beverage (“F&B”) industry is expected to continue to be challenging, given the weak economic outlook coupled with pressure on operating costs and keen competition. Nonetheless, the Group will continue to leverage on its brands and talents to stay competitive, strengthen and broaden its portfolio of brands for sales and profitability.

The Group will also continue to focus on cost rationalisation and improving work flow processes, manpower utilisation and information technology applications to increase productivity, efficiency and lower operating costs.

The Group plans to expand its brands to other major cities in Asia and pursue franchising opportunities to diversify and grow its business offerings. Plans are underway to establish more franchised restaurants in the next 6 months……”

For more information about the latest result, please click here for the article written by my colleague, Chin Hui Leong.

Singapore Telecommunications Limited (SGX: Z74) is the next company that had reported mixed performance recently.

As a quick introduction, Singapore Telecommunications Limited (SGX: Z74) or Singtel is one of the three main telecoms in Singapore. The other two are M1 Ltd (SGX: B2F) and StarHub Ltd (SGX: CC3).

Chua Sock Koong, Singtel’s chief executive shared her view on the latest result:

“We’ve had a good start to the year with a more challenging business environment. This speaks to the resilience of our core consumer business and the investments we’ve made in the digital space in our efforts to grow new businesses. We are encouraged by their performance as they scale up to capture the opportunities in the new economy.

The growth potential of our regional associates’ markets remains strong despite the headwinds, and strategic investments in networks and customer experience will lay the foundation for future growth. The Group’s customer base grew another 3% in the quarter to 655 million customers across the region.”

Financial wise, revenue for the quarter was up 8.3% year-on-year whereas net profit attributable came in lower at S$891.6 million, down 5.6% year-on-year. Consequently, the company’s diluted earnings per share was down 7.8% for the quarter.

For more information about the latest result, please click here for the article written by my colleague, Chin Hui Leong.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.