Berjaya Food Berhad registered higher revenue of RM246.0 million for Q3 as compared to revenue of RM181.73 million in the previous year’s corresponding quarter. The 35% increase in revenue was mainly due to higher same-store-sales growth, particularly from the Starbucks café outlets, as a result of the improved mobility upon the resumption of domestic tourism and further relaxation of the COVID19 standard operating procedures.
The Group’s pre-tax profit soared 154% to RM46.26 million from RM18.21 million in the previous year’s corresponding quarter. The significant increase in profitability was in tandem with the higher revenue recorded in the current quarter.
For the 9-Month Period Ended 31 March 2022 The Group recorded higher revenue of RM706.47 million as compared to revenue of RM536.55 million reported in the previous year’s corresponding period. Pre-tax profit achieved was also higher at
RM125.55 million as compared to a pre-tax profit of RM51.99 million in the previous year’s corresponding period. The higher revenue and pre-tax profit were mainly due to the higher same-store sales growth, particularly from the Starbucks café outlets, in line with the resumption of domestic tourism and relaxation of COVID-19 standard operating procedures which improved consumer mobility.
The Board has declared a third interim dividend of 1.50 sen single-tier dividend per share (previous year’s corresponding quarter ended 31 March 2021: third interim dividend of 1.0 sen single-tier dividend per share) in respect of the financial year ending 30 June 2022 to be payable on 23 June 2022. The entitlement date has been fixed for 8 June 2022.
The total dividend declared for the financial period ended 31 March 2022 amounted to 3.50 sen single-tier dividend per share (previous corresponding financial period ended 31 March 2021: 2.0 sen single-tier dividend per share)
With the further easing of restrictions and the opening of international borders, the Directors expect the overall operating results of the Group to be satisfactory for the remaining quarter of the financial year ending 30 June 2022.
BFood CEO, Dato’ Sydney Quays said, “Consumers are easing back into normalcy as we move towards an endemic stage and this augurs well for the Group. We hope to continue this positive growth momentum as we move into the final quarter of the financial year ending 30 June 2022”.
