Berjaya Food records pre-tax profit of RM47.88 million over 14-month period

Berjaya Food Berhad (BFood) registered a revenue of RM110.76 million and pre-tax profit of RM2.29 million in the 2-month period ended 30 June 2019.

Berjaya Food Bhd’s CEO and Starbucks Malaysia and Brunei managing director Sydney Quays

The revenue and pre-tax profit were impacted by the Muslim fasting month, which fell in the period under review.  The pre-tax profit was also impacted by impairments relating to the closure of non-performing stores.

For the 14-month period

For the 14-month period ended 30 June 2019, the Group's revenue and pre-tax profit were RM789.19 million and RM47.88 million respectively.

There are no comparative figures disclosed for the current interim period and the cumulative period following the change in the financial year end from 30 April to 30 June.

The Board of Directors expects Berjaya Starbucks Coffee Company Sdn Bhd to maintain its revenue growth momentum.

The Group will expand both its income streams from its new franchise business and its existing business to remain competitive. With these measures in place, the Directors anticipate that the operating results of the Group will remain satisfactory in the financial year ending 30 June 2020.

Meanwhile, the Board does not recommend any dividend for the current period under review.

The total dividend declared and paid for the financial period ended 30 June 2019 amounted to 4.0 sen single-tier dividend per share.


WATCH THE VIDEO FOR MOUTH WATERING DESSERTS