SINGAPORE (May 27): Old Chang Kee has reported a profit of S$2.6 million for its 2HFY21 ended March, reversing its losses of S$705,000 in the same period the year before.
The profit during the period was mainly attributable to government grants and property tax rebates totalling S$2.2 million during the half-year period. The grants included the jobs support scheme (JSS), wage credit scheme and special employment scheme.
Profit for the FY2021 stood 929% higher — or nearly 10 times