Jumbo Seafood to close flagship East Coast outlet on Sept 30

This is because Jumbo Seafood will vacate the East Coast Seafood Centre premises only upon the lease expiry date, it added.

However, the closure will likely affect the group’s revenue for FY2027.

Jumbo Group said it intends to mitigate the impact “through revenue contributions from its newer outlets, including those at Sentosa and Tai Seng, as well as its other existing operations”.

The company added that it will continue to optimise the performance of its existing outlet network and overall operations.

In its latest financial results released on May 8, Jumbo Group’s net profit fell 22.3 per cent to $6.2 million for its first half ended March 31, 2026, from $7.9 million in the year-ago period.

However, its first-half revenue grew 7.9 per cent on the year to $105.1 million, from $97.3 million. This was primarily due to its Singapore operations through new-outlet contributions, which sent its sales up 9.9 per cent; contributions from its China outlets grew 11.5 per cent.

Besides East Coast Seafood Centre, Jumbo Seafood has six other outlets elsewhere in Singapore, according to the company’s website. China aside, it also has outlets in South Korea, Thailand and Cambodia.

Shares of Jumbo Group closed on May 29 unchanged at 28 cents, before the news. THE BUSINESS TIMES