Upgrading works at Shaw House, Shaw Centre hit profit of Isetan (Singapore)
Isetan (Singapore) had a dismal quarter, with its net profit falling 54.9 per cent to $870,000.
Sales for the three months to June 30 fell by 10.2 per cent to $80 million.
The ongoing upgrading works at Shaw House and Shaw Centre continued to have an adverse effect on the sales of Isetan Scotts.
In addition, the closure of our standalone shop at Shaw Centre since the end of August last year has resulted in a lower level of sales during the quarter.