Oldtown plans expansion, aims to open 27 cafes in four countries

It plans to open 12 to 15 new outlets in Malaysia, two to three in Singapore, six to eight in Indonesia and one in Melbourne or Sydney, Australia, said group managing director Lee Siew Heng

PETALING JAYA: Oldtown Bhd is planning to open 21 to 27 new cafes in Malaysia, Singapore, Indonesia and Australia in the financial year ending March 31, 2015 (FY15).

In its annual report, group managing director Lee Siew Heng said its café chain business remained the key revenue contributor, recording RM207.059mil in sales in financial year 2014 (FY14), up 1.2% versus RM204.6mil in FY13.