ANNUAL REPORT 2015
5
The Group reported an increase
in revenue of approximately
9.2% or $10.4 million from
FY2014 to FY2015.
Business Strategies and Future Plans
We have a total five (5) restaurant brands, consisting of 14
outlets in Singapore and two (2) Jumbo Seafood outlets in
Shanghai, the PRC. We plan to open four (4) more outlets
in the PRC and Singapore within the next two (2) years, one
of which is the third Jumbo Seafood outlet in Shanghai, the
PRC, which is expected to begin operations at the IFC Mall
in Pudong in January 2016.
We intend to acquire or lease larger premises to accommodate
our Central Kitchen, Research and Development Kitchen, as
well as other corporate functions such as our administration,
human resource, training and warehousing facilities, and
acquire new equipment and machinery for our business
and operations. This will help cater to our future growth
and development, enhance communication among various
departments within the Group and increase our operational
efficiency.
We are also exploring opportunities to expand our business
through acquisitions, joint ventures or strategic alliances
with parties who can strengthen our market position, add
value to our existing business, as well as enable us to
expand into new businesses. We believe such expansion
could bring about greater economies of scale and provide
an impetus for future growth.
Dividends
We did not declare any dividends for FY2015. However,
as stated in our Offer Document dated 28 October 2015,
we intend to recommend and distribute dividends of not less
than 30.0% of our net profits attributable to our shareholders
in each of the financial years ending 30 September 2016
and 30 September 2017.
Acknowledgement
We would like to take this opportunity to express our
gratitude to the professional working team, management
team and staff for their tremendous efforts in making our
IPO a resounding success.
We would also like to pay tribute to all our employees for
their tireless efforts in providing great food and service to
our customers. Without our employees, the Group will not
be where it is today. Last but not least, I would like to thank
our loyal customers, shareholders and business partners for
their confidence and support all these years. We hope that
you will grow with us in our endeavours of attaining greater
business excellence.
Mr. Ang Kiam Meng
CEO & Executive Chairman
