Jumbo H1 profit falls 22.3% to S$6.2m on higher operating costs
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Jumbo Group reported a 22.3% decline in net profit to S$6.2 million for H1 2026, attributed to higher operating costs. Revenue increased by 7.9% to S$105.1 million, driven by new outlets and growth in China. An interim dividend of S$0.005 per share was declared. The company anticipates a challenging operating environment due to cautious consumer sentiment and intense competition. CEO Ang Kiam Meng emphasized a focus on productivity and operational efficiency to navigate cost pressures and market challenges.
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