Berjaya Food reports RM2.29m pre-tax profit for May-June period

PETALING JAYA: Berjaya Food Bhd (BFood) reported a pre-tax profit of RM2.29 million for the two-month period ended June 30, 2019, which was affected by the Muslim fasting month.

The pre-tax profit in the current period under review also included fixed assets written off and expenses incurred arising from closure of non-performing stores.

Meanwhile, the group’s revenue came in at RM110.76 million for the period under review.

For the 14-month period, BFood’s revenue and pre-tax profit were RM789.19 million and RM47.88 million, respectively.

BFood told Bursa that it expects Berjaya Starbucks Coffee Company Sdn Bhd to maintain its momentum.

“The group will expand both its income streams from its new franchise business and its existing business to remain competitive,” it said.

Following the measures it has put in place, the group anticipates its results will remain satisfactory for the ending June 30, 2020.

Meanwhile, BFood’s board does not recommend any dividend for the two-month period. Previously, it declared and paid a 4 sen dividend per share for the financial period ended June 30, 2019.

Source: The Sun Daily

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