Berjaya Food Berhad registered a higher revenue of RM295.32 million compared to revenue of RM272.75 million in the previous year’s corresponding quarter attributing the increase in revenue to the opening of additional Starbucks cafes in the current quarter under review.
The Group posted RM52.06 million pre-tax profit compared to RM60.28 million in the previous year’s corresponding quarter. The lower pre-tax profit for the current quarter under review was mainly due to margin compression as a result of higher operating costs incurred.
For the 6-month period ended 31 December 2022, the Group recorded revenue and pre-tax profit of RM578.37 million and RM102.09 million which were higher compared to the revenue and pre-tax profit of RM460.47 million and RM79.29 million in the previous year’s corresponding period. The higher revenue was mainly due to the higher same-store-sales growth, particularly from the Starbucks cafe outlets as well as the additional Starbucks cafes operating in Malaysia while the higher pre-tax profit was in tandem with the higher revenue.
bIn view of the result, Berjaya board declared a second interim dividend of 2.0 sen single-tier dividend per share (previous year’s corresponding quarter ended 31 December 2021: second interim dividend of 0.20 sen single-tier dividend per share) in respect of the financial year ending 30 June 2023 to be payable on 22 March 2023
BFood CEO, Dato’ Sydney Quays said, “We are optimistic of the Group’s prospect for the financial year ending 30 June 2023. Moving forward, the Group will continue to focus on managing its operational costs effectively and sustaining its growth momentum for the remaining quarters of this financial year.”
