Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Sunday, February 23rd, 2025

Soup Holdings Limited Announces Expected Loss for FY2024 Due to Outlet Closures and Rising Costs








Soup Holdings Limited: Anticipated Loss for FY2024

Soup Holdings Limited: Anticipated Loss for FY2024

Business Description

Soup Holdings Limited is a company incorporated in the Republic of Singapore. It primarily operates restaurant outlets and provides food processing, distribution, and procurement services. The company is engaged in expanding its operations with new outlets and a central kitchen.

Industry Position and Market Share

Soup Holdings Limited operates in the food and beverage industry, with a focus on restaurant operations and food supply services. The document does not provide specific details about its competitors or its market share.

Revenue Streams and Customer Base

The company generates revenue from its restaurant outlets and food processing, distribution, and procurement services. The customer base includes retail consumers and businesses requiring ready meals. The supply chain involves a central kitchen and procurement services.

Financial Analysis

The document does not provide detailed financial statements such as the Income Statement, Balance Sheet, or Cash Flow Statement. However, it indicates that the company expects to report a loss for the financial year ending 31 December 2024 due to several factors impacting revenue and profitability.

Key Findings

  • The company anticipates a loss for FY2024, contrasting with a profit in the previous year [[1]].
  • Several outlets are closed for renovations and redevelopment, impacting revenue and profits [[1]].
  • Newly opened outlets and a central kitchen are underperforming, incurring losses [[1]].
  • Operating costs are increasing faster than revenue, influenced by macroeconomic conditions, manpower shortages, and rising rental costs [[1]].
  • Impairment losses on plant and equipment and right-of-use assets due to underperformance [[1]].
  • Revenue decline in food processing and distribution due to expired contracts [[1]].

Special Activities

The company is attempting to refresh its outlets through renovations and expand its operations with new outlets and a central kitchen. However, these efforts are currently not yielding positive financial results [[1]].

Recommendations

If you are currently holding the stock, it is advisable to evaluate the potential for recovery and consider the risks associated with the anticipated loss. If you are not holding the stock, it may be prudent to wait for signs of financial improvement or strategic changes before investing.

Disclaimer

This recommendation is based solely on the information contained in the provided document. Investors should consider their own financial situations and consult with a financial advisor before making investment decisions.

Report Date

The report is dated 21 December 2024, covering the financial year ending 31 December 2024 [[2]].




View Soup Holdings Historical chart here



AIMS APAC REIT to Release Q3 2024 Business Update on January 28, 2025

AIMS APAC REIT: Financial Analysis for Investor Action AIMS APAC REIT: Financial Analysis for Investor Action Business Description AIMS APAC REIT (AA REIT) is a real estate investment trust listed on the Mainboard of...

ISEC Healthcare Reports 9% Net Profit Growth in 9M2024, Driven by Malaysian Expansion

Business Description: ISEC Healthcare Ltd. is a healthcare provider primarily operating in Malaysia and Singapore. The company operates through two main segments: Specialized Health Services: This segment, representing the majority of revenue, focuses on ophthalmology services....

Net Pacific Financial Holdings Reports Q3 2024 Results: Revenue Surge from New Golf and Luggage Businesses

Financial Analysis of Net Pacific Financial Holdings Limited Q3 2024 – Net Profit Decline Financial Analysis of Net Pacific Financial Holdings Limited Q3 2024 – Net Profit Decline Business Description Net Pacific Financial Holdings...