Oasis has released its Q1 results, reporting a revenue of RM2.72 million and a net loss of RM948,000 for the quarter. The drop in revenue was mainly due to lower sales from its food and beverage (F&B) business and fewer Uncle Don’s outlets in operation. The loss was largely because the company waived debts totaling RM5.35 million

Oasis Harvest currently operates two brands: the Uncle Don’s chain, which has a solid presence with 20 outlets across the Klang Valley, and Verona, an Italian restaurant in Petaling Jaya. With monthly revenues of RM700,000 to RM800,000 and profit margins of 10% to 15%, these brands have become key contributors to Oasis Harvest’s operations.