Tung Lok flags half-year loss on revenue drop

Tung Lok Signatures restaurant at Orchard Parade Hotel.
Tung Lok Signatures restaurant at Orchard Parade Hotel. PHOTO: TUNGLOK GROUP

SINGAPORE - Tung Lok Restaurants warned in a market filing on Wednesday night (Oct 25) that it is expecting a net loss for the half-year ended Sept 30.

It said the loss was "mainly attributable to the decrease in the group's revenue as a result of the challenging economic environment which has affected overall sales".

It added that the group's performance for the first half of the year from April to September is usually weaker than that of the second half-year from October through March.

The company will announce its unaudited financial results by Nov 14.