Analysts are generally rather positive on food court operator Koufu following its FY2020 ended December 2020 results, which saw earnings fall by 64.3% y-o-y to $9.9 million as revenue dipped 19.2% y-o-y to $192.4 million.
The company plans to pay a final dividend of 0.7 cents. Together with the interim dividend of 0.5 cents already paid, the total FY2020 payout of 1.2 cents represents a payout ratio of around 70%.
As of end 2020, Koufu runs 48 food courts, 18 coffee shops and a commercial mall under the outlet & mall management segment, while its F&B retail segment constitutes 74 self-operated F&B stalls, 36 F&B kiosks, seven so-called quick-service restaurants, four full-service restaurants and 57 Delisnacks branded F&B stalls.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
