www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Local fast food chains hint at modest price increase to cover climbing costs

Updated: 2015-06-24 07:56

By Celia Chen in Hong Kong(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

Two major Hong Kong-listed restaurant chains, Caf de Coral Holdings Ltd and Fairwood Holdings Ltd, posted widely different results while predicting modest increase in prices despite worsening business environment.

Caf de Coral Holdings said its net profit for the year ended March 31 increased 1 percent from a year earlier to HK$587.46 million on revenue of HK$ 7.36 billion, up 7.8 percent.

The performance of Caf de Coral on the mainland was lackluster and company said that its profitability in that market was under pressure from rising labor and rental costs. Segment result from the company's mainland operation dropped 28.55 percent to HK$83.17 million from a year ago on revenue of HK$1.23 billion, down 0.42 percent.

The company said that it had adjusted its shop-opening strategy on the mainland by slowing down the pace of expansion because of the worsening business environment and adverse market trend.

Mike Lim Hung-chun, chief financial officer of Caf de Coral, said his company would try to "exercise restrain" in raising food prices to cope with rising costs.

Caf de Coral's Hong Kong operations had outperformed market expectations, achieving a 10 percent increase in revenue to HK$6.1 billion for the 12 months ended March 31.

"Our Hong Kong operations continued to be the top contributor to the company's income, accounting for approximately 83 percent of total turnover," said Caf de Coral Chief Executive Officer Sunny Lo Hoi-kwong.

The other fast food chain, Fairwood, which competes directly with Caf de Coral, posted a 33.8-percent rise in net profit to HK$144 million with revenue rising more modestly by 10.2 percent to HK$2.2 billion for the year ended in March 31. During the period, its gross profit margin advanced by 1.3 percentage points to 14.9 percent.

In Hong Kong, Fairwood achieved an increase of same store sales of approximately 8 percent.

Meanwhile, on the mainland, the group recorded an operating loss despite improved turnover with same-store-sales growth of approximately 12 percent after closing several underperforming stores in northern mainland and peripheral cities in Guangdong, the company said.

Dennis Lo Hoi-yeung, Fairwood's executive chairman, said he expects the Chinese mainland operations will be profitable in this fiscal year.

Chan Chee-shing, Fairwood chief executive officer, said that the company could be forced to raise prices to cover rising rental and labor costs. But he said that any increase would be limited to less than 2 percent.

The share price of Caf de Coral Holdings Ltd closed 0.34 percent lower at HK$29.1, while Fairwood Holdings Ltd increased 6.25 percent to HK$23.8 on Tuesday.

celia@chinadailyhk.com

Local fast food chains hint at modest price increase to cover climbing costs

 Local fast food chains hint at modest price increase to cover climbing costs

Performance of two major Hong Kong-listed restaurant chains - Caf de Coral and Fairwood - took a hit on the mainland in 2014 due to rising labor and rental costs. Caf de Coral's segment result from mainland operations dropped 28.55 percent to HK$83.17 million from a year ago, while Fairwood's mainland operations posted a loss in 2014, despite a 34-percent hike in overall net profit. Asia News Photo

(HK Edition 06/24/2015 page6)

主站蜘蛛池模板: 特黄特级a级黄毛片免费观看多人 | 成人a毛片一级 | 亚洲国产一区二区在线 | 久久久国产亚洲精品 | 亚洲免费在线看 | 精品久久免费视频 | 国产看片视频 | 亚洲成人黄色网 | 国产欧美日韩高清专区手机版 | 手机看片国产精品 | 欧美一级片免费观看 | 中文字幕视频网站 | 农村寡妇一级毛片免费播放 | 一级中国乱子伦视频 | 国产精品色内内在线播放 | 亚洲在线中文字幕 | 国产精品一区二区手机在线观看 | 成人精品区 | 亚洲精品国产精品国自产观看 | 国产伦子伦视频免费 | 国产精品亚洲片在线va | 18女人毛片大全 | 欧美福利一区二区三区 | 国产在线观看网址在线视频 | 美女网站在线观看视频18 | 一区二区三区在线观看视频 | 久久w5ww成w人免费不卡 | 91香蕉国产观看免费人人 | 国产精品专区第二 | 国产成人免费片在线视频观看 | 精品欧美一区二区三区四区 | 国内精品久久影视 | 亚洲va久久久噜噜噜久久狠狠 | 996久久国产精品线观看 | 亚洲高清在线观看播放 | 97精品久久久久中文字幕 | 清纯偷拍精品视频在线观看 | 91精品国产手机在线版 | 日韩美a一级毛片 | 亚洲精品国自产拍影院 | 欧美一级毛片高清毛片 |