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Soup Restaurant Group Limited ( (SG:5KI) ) has shared an update.
Soup Holdings Limited has reported a loss for the financial year ending December 2024, marking its first loss in many years. The company attributes this setback to non-recurring factors such as outlet closures for renovations and redevelopment, underperformance of new outlets, and increased operating costs due to macroeconomic conditions. The company views these as temporary issues and notes improvements in reopened outlets, suggesting a potential return to profitability.
More about Soup Restaurant Group Limited
Soup Holdings Limited, incorporated in Singapore, operates in the food and beverage industry, focusing on restaurant services and food processing, distribution, and procurement services.
YTD Price Performance: -12.50%
Average Trading Volume: 515
Technical Sentiment Signal: Sell
Current Market Cap: €11.23M
For a thorough assessment of 5KI stock, go to TipRanks’ Stock Analysis page.