Tuesday, August 24, 2010

KFCH posts 12.7% rise in 2Q earnings at RM35.7m

KUALA LUMPUR: KFC Holdings (Malaysia) Bhd saw its earnings grow 12.7% to RM35.73 million from RM31.68 million a year ago, underpinned by higher throughput and better cost efficiencies from its KFC restaurant business.

It said on Tuesday, Aug 24 that revenue rose 7.8% to RM606.21 million from RM561.41 million. Earnings per share were 18.02 sen compared with 15.98 sen. It declared dividend of 10 sen a share.

For the first half, revenue rose 10.9% to RM1.207 billion from RM1.088 billion in the previous corresponding period.

'The KFC restaurants segment registered a 10.7% revenue growth to RM898.4 million (2009 : RM811.3 million) while the integrated poultry segment recorded a 8.8% revenue growth to RM254.7 million (2009 : RM234.0 million),' it said.

The group registered a profit before tax of RM102.2 million in the current period as against previous year's corresponding period of RM85.8 million. Net profit was up 15.8% to RM69.97 million compared with RM60.38 million.

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