{
  "id": 8092054,
  "title": "Two years in the red: Why is Soup Restaurant losing money even as diners keep coming?",
  "url": "https://urgent.news/2026/09/17/two-years-in-the-red-why-is-soup-restaurant-losing-money-even-as",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T08:53:44.000Z",
  "source": {
    "name": "Vulcan Post",
    "slug": "vulcan-post",
    "url": "https://vulcanpost.com/912919/soup-restaurant-losing-money-two-years-in-the-red/"
  },
  "original_language": "en",
  "account": "Two years ago, Soup Restaurant found itself operating at a loss despite maintaining a steady flow of patrons. Established over three decades ago, this Singaporean staple has long been celebrated for its signature Samsui Ginger Chicken and other Cantonese dishes. Beginning as a single shophouse in Chinatown, Soup Holdings Limited now operates 15 establishments across Singapore and Malaysia, along with two Indonesian franchised locations and a network of central kitchens, sauce distributors, and social enterprises. However, recent figures paint a starkly different picture from the period of growth that characterized the company's history.\n\nDuring the first half of 2026, Soup Holdings reported a S$673,000 loss, marking a stark contrast to the S$224,000 profit it recorded the previous year. Over the past two years, the group has taken steps to consolidate its operations, closing underperforming outlets and cloud kitchens, impairing assets linked to less successful ventures, and implementing strategic rationalization measures. While Soup Restaurant has been an integral part of Singapore's dining scene for more than three decades, the question remains: what has led to this financial downturn?",
  "summary": "35-year-old Soup Restaurant has swung from highs and, most recently, losses For more than 30 years, Soup Restaurant has been a familiar name in Singapore’s dining scene. Many Singaporeans would recognise it for its double-boiled soups, home-style Cantonese dishes and, perhaps most famously, its Samsui Ginger Chicken. The business began in 1991 with a single […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}