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Japan Foods reports record revenue for FY17

PC Lee
PC Lee5/26/2017 7:56 AM GMT+08  • 1 min read
Japan Foods reports record revenue for FY17
SINGAPORE (May 26): Restaurant chain Japan Foods reported a 23.3% rise in FY17 earnings to $4.7 million, or 2.68 cents per share, from a year ago on record revenue.
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SINGAPORE (May 26): Restaurant chain Japan Foods reported a 23.3% rise in FY17 earnings to $4.7 million, or 2.68 cents per share, from a year ago on record revenue.

Total sales came in 4.2% higher at $65.5 million. Japan Foods says the performance was driven mainly by its three newest brands, namely New ManLee Bak Kut Teh, Dutch Baby Cafe and Ginza Kushi-Katsu brands.

Profit margin rose 0.7 percentage points to 84.9% from 84.2%.

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