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NewsBerjaya Food 4Q net profit dn 14.2% to RM2.5m
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Berjaya Food 4Q net profit dn 14.2% to RM2.5m
by hlk Fri 10 Jun 2011, 02:58
KUALA LUMPUR: Berjaya Food Bhd’s net profit slipped 14.2% to RM2.505 million in the fourth quarter ended April 30, 2011 compared with RM2.92 million a year ago due to higher advertising and promotional expenses.
It said on Thursday, June 9 that revenue rose 9% to RM17.75 million from RM16.28 million. Earnings per share were 1.77 sen versus 2.07 sen a year ago. It proposed dividend of three sen a share.
“The higher revenue was mainly due to more restaurants operating in the current quarter compared to the preceding year corresponding quarter. The lower pre-tax profit was mainly due to higher advertising and promotional expenses, and write-offs relating to the closure of two restaurants arising from restaurant rationalisation and relocation,” it said.
For the financial year ended April 30, 2011, its net profit rose 22% to RM10.59 million from RM8.68 million while its revenue increased by 19% to RM71.94 million from RM60.41 million.
It attributed the higher revenue and earnings mainly due to additional restaurants that were opened during this financial period under review.
It said on Thursday, June 9 that revenue rose 9% to RM17.75 million from RM16.28 million. Earnings per share were 1.77 sen versus 2.07 sen a year ago. It proposed dividend of three sen a share.
“The higher revenue was mainly due to more restaurants operating in the current quarter compared to the preceding year corresponding quarter. The lower pre-tax profit was mainly due to higher advertising and promotional expenses, and write-offs relating to the closure of two restaurants arising from restaurant rationalisation and relocation,” it said.
For the financial year ended April 30, 2011, its net profit rose 22% to RM10.59 million from RM8.68 million while its revenue increased by 19% to RM71.94 million from RM60.41 million.
It attributed the higher revenue and earnings mainly due to additional restaurants that were opened during this financial period under review.
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