Berjaya Food wraps 4Q with lower net profit of RM17.28mil, declares 0.5 div/share

KUALA LUMPUR: Berjaya Food Bhd registered a decrease in both topline and bottomline in the fourth quarter of its financial year due to the lower sales achieved and margin compression arising from inflationary pressures and an unfavourable foreign exchange rate against the US dollar.

For the quarter ended June 30, 2023, the restaurant chain operator said net profit was RM17.28mil, which was less than half RM40.66mil recorded in the same quarter in 2022.