According to the Zhitong Finance App, Fast Food Empire (01843) announced that the Group expects the net profit of company equity holders for the six months ending September 30, 2023 to drop by no more than 81% or less than Singapore $1.35 million compared with the same period last year.

According to the announcement, the decline in net profit was mainly due to a decrease in product sales in Singapore, Malaysia and Indonesia; and an increase in salary costs due to the expansion of headquarters.