S&P earnings rise 24%

In the filing to the Stock Exchange of Thailand, the company explained that in the year, its sale and service revenue rose 9.1 per cent from the previous year or Bt364 million to Bt4.4 billion. Its domestic food and catering business contributed 85 per cent of the revenue while overseas business generated 15 per cent.

Due to the baht weakening, it showed accounting losses incurring from the conversion of overseas revenue to Thai baht of Bt41 million in the year.

Overseas restaurants in the year showed a 4 per cent drop in annualised revenue in baht term or Bt29 million to Bt664 million, due mainly to the global economic crisis which sharply cut the fourth quarter revenue as well as the shutdown of a branch in Singapore in September.