Berjaya Food Q1 2022 Revenue Increases To RM188 As Footfall Returns To Starbucks

Berjaya Food Berhad had registered higher revenue of RM187.72 million in the current quarter as compared to revenue of RM180.72 million as to its performance in the quarter of the previous financial year. According to filings, the operator of Starbucks attributed the higher returns due to same-store-sales growth of the chain as business was slowly resuming to pre Covid levels amidst the reopenings

The group also registered a higher pre-tax profit of RM19.01 million as compared to the pre-tax profit of RM17.0 million in the previous year, in tandem with the higher revenue recorded.

Due to the positive result, the Board declared a first interim dividend of 1.0 sen single-tier dividend per share (previous year’s corresponding quarter ended 30 September 2020: first interim dividend of 0.50 sen single-tier dividend per share) in respect of the financial year ending 30 June 2022 to be payable on 30 December 2021. The entitlement date has been fixed on 15 December 2021

The directors expect the overall operating results of the Group to improve gradually for the remaining quarters of the financial year as the economy starts to recover with further lifting of restrictions and the resumption of interstate and overseas travel.

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