BreadTalk

BreadTalk: 1Q14 net profit rose 11.6% y/y to $1.8m, on the back of a 16.7% jump in revenue to $140.4m, boosted by strong sales contribution in all its three core business segments – Bakery (+16.5%), Food Atria (+22.4%), and Restaurants (+12.2%). Profitability was led by Food Atria, driven by higher margins for its operation in Mainland China and Hong Kong, which helped offset softer earnings from Bakery (higher labor cost) and Restaurants (restructuring of Ramen Play).