Franchise owner of popular fast food chains, Starbucks and Kenny Rogers, Berjaya Food Berhad posted a lower revenue of RM138.65 million as compared to a revenue of RM265.85 million in the previous year’s corresponding quarter.
The Group incurred a pre-tax loss of RM33.16 million in the current quarter under review as compared to a pre-tax profit of RM25.39 million in the previous year’s corresponding quarter.
BFood said the significantly lower revenue and pre-tax loss incurred in the current quarter under review were primarily
attributed to the current sentiment in relation to the conflict in the Middle East.
For the 9-month period ended 31 March 2024, the Group reported a revenue of RM599.74 million and a pre-tax loss of RM44.65 million in contrast to the revenue of RM844.22 million and pre-tax profit of RM127.48 million recorded in the previous year corresponding period.
The drop in revenue and pre-tax loss was primarily attributed to the abovementioned reason and one-off loss arising from the disposal of the Group’s entity equity interest in Jollibean Foods Pte Ltd. Excluding the exceptional investment related expenses, the pre-tax loss would have been RM34.15 million in thecurrent period under review.
Dividend
The directors are of the view that the operating performance of the Group’s businesses will gradually improve over the remaining quarter of the financial year ending 30 June 2024.
