[BERJAYA FOOD BHD，星巴克收入增长势头持续及印尼KRR业务（PT Boga）出售完成]
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[BERJAYA FOOD BHD, continuing revenue growth momentum of Starbucks and the completion of disposal of the KRR operations (PT Boga)]
The Group registered a revenue of RM160.0 million and pre-tax profit of RM5.97 million in the current quarter ended 30 April 2018 as compared to a revenue of RM151.42 million and pre-tax profit of RM0.99 million reported in the previous year corresponding quarter. The higher revenue was mainly due to additional Starbucks cafes operating compared to the previous year corresponding quarter as well as recording same-store-sales growth in Malaysia.
The profit from operations improved by 105% mainly due to higher profit contributions from Starbucks operations in tandem with the higher revenue. Further, there was no consolidation of the losses from PT Boga, which operates KRR operations in Indonesia following its disposal in the previous quarter. The pre-tax profit accordingly increased in tandem with the increase in profit from operations.
For the financial year ended 30 April 2018, the Group's revenue and pre-tax profit were RM639.6 million and RM19.4 million respectively as compared to a revenue and pre-tax profit of RM605.44 million and RM24.32 million respectively in the previous year. The higher revenue was mainly due to additional Starbucks cafes operating since the beginning of current financial year as well as recording same-store-sales growth in Malaysia.
The profit from operations improved by 30% mainly due to higher contribution from Starbucks operations, lower losses incurred by KRR operations in Indonesia arising from further closure of non-performing outlets prior to the eventual disposal in the previous quarter, as well as the cessation of the consolidation of PT Boga for the remaining 5 months of the financial year.
With the continuing revenue growth momentum of Starbucks and the completion of disposal of the KRR operations (PT Boga) in Indonesia, the Board expects the Group's operating performance will be encouraging going forward.
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