Berjaya Food Berhad posted a higher revenue of RM291.27 million as compared to a revenue of RM180.72 million in the previous year’s corresponding quarter. The 61% increase in revenue was mainly due to the higher same-store-sales growth, particularly from the existing Starbucks café outlets as well as the new Starbucks café outlets opened during the financial year.
The Group’s pre-tax profit soared 183% to RM63.43 million from RM22.39 million in the previous year’s corresponding quarter. The significant increase in the pre-tax profit was in tandem with the higher revenue recorded in the current quarter coupled with the turnaround of the Kenny Rogers Roasters business performance.
Todate, the Group recorded higher revenue of RM997.74 million as compared to the revenue of RM717.34 million reported in the previous year’s corresponding period. Pre-tax profit achieved was also higher at RM188.98 million as compared to a pre-tax profit of RM74.73 million in the previous financial year. The higher revenue and pre-tax profit were mainly due to the higher same-store-sales growth, particularly from the existing Starbucks café outlets as well as contribution from the new Starbucks café outlets opened during the financial year and the turnaround of the KRR business performance.
As such, the Board has declared a fourth interim dividend of 2.0 sen single-tier dividend per share (previous year’s corresponding quarter ended 30 June 2021: fourth interim dividend of 1.0 sen single-tier dividend per share) in respect of the financial year ended 30 June 2022 to be payable on 22 September 2022. The entitlement date has been fixed on 2 September 2022. The total dividend declared for the financial year ended 30 June 2022 amounted to 5.50 sen single-tier
dividend per share (previous financial year ended 30 June 2021: 3.0 sen single-tier dividend per share).
On future outlook, BStarbucks expects to maintain its revenue growth momentum and anticipates that the operating results of the Group will remain satisfactory in the ensuing financial year ending 30 June 2023.
