Tung Lok sinks into the red with $1.8m full-year loss amid F&B woes

Tung Lok Restaurants saw net profit tumble 52.1 per cent to $853,000 for its second half ended March, from $1.8 million in the year-ago period.

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Revenue for the second half was down 8 per cent on the year to $43.6 million from $47.4 million a year ago, amid lower turnover from its catering business and existing outlets as well as the absence of revenue from three outlets.

However, this was partly offset by higher revenue from a new outlet that opened in the second half of financial year 2025.