SINGAPORE, June 5, 2025 – Premium Catering (Holdings) Limited (Nasdaq: PC), a Singapore-based food caterer, released its financial results today for the six months ending December 31, 2024. The company, which supplies prepared meals to foreign workers and offers buffet catering services, reported revenues of S$2.23 million and a net loss of S$1.40 million.
The following table summarizes the company’s financial performance for the six-month periods ending December 31, 2023 and 2024. For a more comprehensive understanding of the results, please refer to the 6-K report filed with the U.S. Securities and Exchange Commission.
| Six-month period ended December 31, | ||||||||||||||||||
| 2023 | 2024 | Change | ||||||||||||||||
| S$ | S$ | S$ | ||||||||||||||||
| Revenues, net | 2,829,507 | 2,232,003 | (597,504 | ) | (21.1 | )% | ||||||||||||
| Cost of revenues | (2,195,076 | ) | (1,599,911 | ) | (595,165 | ) | (27.1 | ) | % | |||||||||
| Gross profit | 634,431 | 632,092 | (2,339 | ) | (0.4 | )% | ||||||||||||
| Operating expenses: | ||||||||||||||||||
| General and administrative | (1,001,759 | ) | (2,070,530 | ) | (1,068,771 | ) | 106.7 | % | ||||||||||
| Selling and distribution | (26,519 | ) | (4,727 | ) | 21,792 | (82.2 | ) | % | ||||||||||
| Total operating expenses | (1,028,278 | ) | (2,075,257 | ) | (1,046,979 | ) | 101.8 | % | ||||||||||
| Loss from operations | (393,847 | ) | (1,443,165 | ) | (1,049,318 | ) | 266.4 | % | ||||||||||
| Other income (expense): | ||||||||||||||||||
| Interest expense | (86,770 | ) | (56,934 | ) | 29,836 | (34.4 | ) | % | ||||||||||
| Government grants | 4,863 | 5,284 | 421 | 8.7 | % | |||||||||||||
| Other income | 19,864 | 89,953 | 70,089 | 352.8 | % | |||||||||||||
| Total other (expenses) / income, net | (62,043 | ) | 38,303 | 100,346 | (161.70 | )% | ||||||||||||
| Loss before income taxes | (455,890 | ) | (1,404,862 | ) | (948,974 | ) | 208.2 | % | ||||||||||
| Income tax expense | – | – | – | – | ||||||||||||||
