Thursday, September 8, 2011

Berjaya Food 1Q net profit up 10.2% to RM2.86m

KUALA LUMPUR: Berjaya Food Bhd net profit for the first quarter ended July 31, 2011 rose 10.2% to RM2.86 million from RM2.59 million a year earlier, due mainly to higher sales recorded as a result of the school holidays and the Malaysia Mega Sales Carnival as well as the opening of additional restaurants.

It said on Thursday, Sept 8 that revenue for the quarter increased 15.7% to RM20.12 million from RM17.38 million in 2010. Earnings per share was 2.01 sen while net assets per share was 34.96 sen.

Reviewing its performance, Berjaya Food said the higher revenue and pre-tax profit was mainly due to additional restaurants operating in the current quarter compared to the preceding year corresponding quarter and also improved sales from existing restaurants.

On its prospects, the company said that the opening of additional restaurants in the subsequent quarters in accordance with its business plan for Malaysia and the completion of the corporate proposals already announced would likely enhance its performance for the financial year ending April 30, 2012.

No comments:

Post a Comment