SINGAPORE (Nov 29): Envictus International managed to cut FY18 loss by 48% to RM27.9 million ($9.16 million) from a loss of RM53.5 million in FY17.

Revenue for the final year ended September came in 3% higher at RM422.6 million from a year ago, mainly contributed by higher contribution from the group’s Food Services Division and the new Dairies Division. However, these increases were impacted by lower revenue contribution from the Trading and Frozen, Food Processing and Nutrition Divisions.

The Food Services Division saw revenue growth of 33.6% y-o-y to RM172.5 million, with the Texas Chicken outlets continuing to be the top performers. San Francisco Coffee also added another eight stores to its chain, resulting in a 25.5% revenue increase to RM29.0 million; while Delicious restaurants saw a 33.9% y-o-y growth to RM8.3 million with introduction of new menu and more marketing activities.

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