BREAKING:

JUMBO Group Limited navigated a difficult operating environment characterised by rising costs and cautious consumer sentiment, resulting in a significant decrease in net profit for the financial year. Despite these headwinds, the Group achieved stable revenue, supported by incremental contributions from newly opened outlets. Strategic investments in expanded facilities and new leases impacted short-term profitability, but are intended to support long-term operational efficiency and future growth.

• The company grappled with higher operating costs, including increased employee headcount and wage adjustments, which pressured overall financial performance

• Key strategic investments, such as new long-term leases for an expanded corporate office and central kitchen, are underway to enhance efficiency and scalability

• Management remains focused on disciplined growth and optimising outlet performance while positioning the Group to navigate ongoing macroeconomic uncertainties

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For more information, click here: JUMBO GROUP LIMITED 2024 AGM