KUALA LUMPUR: Berjaya Food Bhd
’s (BFood) net profit for the second quarter ended Dec 31, 2021 (2Q22) more than tripled to RM38.9mil from RM11.12mil a 12 months in the past.
The larger net profit was in tandem with the upper income recorded within the present quarter in addition to improved efficiency from the Kenny Rogers Roasters (KRR) operations in Malaysia.
Its income for the quarter rose 56.6% to RM272.7mil towards RM174.1mil in the identical interval final 12 months, primarily due to larger same-store-sales progress, notably from Starbucks cafe retailers.
BFood stated the resumption of interstate and abroad journey ranging from Oct 11, 2021, coupled with the festive gross sales and Christmas season additionally contributed to the rise in income.
“The board has declared a second interim dividend of 1.0 sen single-tier dividend per share in respect of the financial year ending June 30, 2022 (FY22) to be payable on March 30, 2022. The entitlement date has been fixed on March 15, 2022,” BFood stated in a press release.
With the additional easing of restrictions and the resumption of interstate and abroad journey, the administrators count on the general working outcomes of the group to enhance steadily for the remaining quarters of FY22.
BFood chief govt officer Datuk Sydney Quays stated, “While the year has been extremely challenging in many aspects, the vast improvement in our second quarter results is testament to the resilience of the various businesses within the group. We hope to continue our growth trajectory as the country gradually recovers from the pandemic.”
In the primary six months to Dec 31, BFood posted a net profit of RM50.5mil, up 135% from RM21.5mil a 12 months in the past. Revenue rose to RM460.47mil towards RM354.81mil.
