Fast food empire (01843.HK) issues profit warning, expecting annual shareholder losses of no less than SGD 626,000.

Zhimedia Financial News APP, Fast Food Empire (01843.HK) announced that the group is expected to incur a net loss of not less than 626,000 Singapore dollars attributable to equity holders for the year ending March 31, 2025, while the profit attributable to equity holders for the year ending March 31, 2024 was approximately 180,000 Singapore dollars, mainly due to expenses related to the establishment of a central kitchen in Singapore; increases in manpower costs for offices and specialty stores; expenses related to the operation of new brands; and potential impairments of certain specialty stores generating losses.