Snippets
Bfood declares second interim dividend of 1.0 sen
Focus Malaysia 06 Dec 2018 12:32
For the Second Quarter Ended 31 October 2018
Berjaya Food Berhad (“BFood”) registered an increased revenue of RM166.48 million as compared to RM160.78 million in the previous year’s corresponding quarter mainly due to the same-store-sales growth recorded by Starbucks as well as additional Starbucks cafes operating in Malaysia.

The Group registered an increase in pre-tax profit to RM11.46 million in the current quarter as compared to the pre-tax profit of RM9.51 million reported in the previous year’s corresponding quarter. The Group’s profit from operations improved 12% mainly due to higher profit contributions from Starbucks operations in tandem with the higher revenue achieved. In addition, the Group had ceased consolidation of the losses from its Kenny Rogers Roasters (“KRR”) operations in Indonesia following its disposal in the previous financial year. The pre-tax profit increased accordingly in tandem with the increase in profit from operations.

For the 6-month period
BFood registered a higher revenue of RM327.86 million as compared to RM315.17 million in previous year’s corresponding quarter mainly due to higher growth recorded by existing Starbucks cafes in the current quarter as well as additional Starbucks cafes operating in Malaysia.

Pre-tax profit was higher at RM22.46 million compared to RM18.27 million in the previous year’s corresponding period as a result of higher profit contributions from the Starbucks operations. In addition, the Group has ceased consolidation of losses from the KRR operations in Indonesia following its disposal in the previous financial year. Dividend The Board has recommended a second interim dividend of 1.0 sen single-tier dividend per share (previous year’s corresponding quarter ended 31 October 2017: second interim dividend of 1.0 sen single-tier dividend per share) in respect of the financial year ending 30 April 2019 to be payable on 25 January 2019. The entitlement date has been fixed on 9 January 2019. The total dividend declared for the financial period ended 31 October 2018 amounted to 2.0 sen single-tier dividend per share (previous corresponding financial period ended 31 October 2017: 2.0 sen single-tier dividend per share).

Future Prospects
The Board believes that the renewed consumer confidence level, coupled with the Group’s expansion plans, will fuel the Group's business growth which should augur well for the Group's operations going forward.

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