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Tung Lok rebounds from pandemic by digitalising, cutting costs

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Profile picture taken on 11 July 2023 of Mr Andrew Tjioe, Executive Chairman of the Tunglok Group.

Restaurant operator Tung Lok announced dividends of 0.77 Singapore cent per share, the first since 2011, as it achieved a multi-year high net profit of S$4.2 million for FY23, while revenue increased 65% year-on-year to S$86.2 million. Andrew will share more on how Tung Lok has adapted during Covid-19 and the company’s growth plans.

Tung Lok CEO Andrew Tjioe said demand for its ready-to-eat food delivery services jumped 400 per cent during the pandemic.

ST PHOTO: DESMOND WEE

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SINGAPORE – At a typical Tung Lok restaurant in Singapore, one should not be surprised to see robot waiters delivering piping hot food to its diners.

These robots are part of the digitalisation efforts that helped the restaurant group make a sharp turnaround from its tougher times during the Covid-19 pandemic.

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