BFood posts RM38mil 2Q net loss amid Starbucks boycott impact

PETALING JAYA: Berjaya Food Bhd (BFood) remains cautiously optimistic on its outlook and expects a gradual improvement in operational performance over the next financial year.

For the fourth quarter ended June 30, 2024, BFood reported a net loss of RM38.20mil, compared with a net profit of RM17.28mil in the previous corresponding period, while revenue dipped to RM130.57mil from RM271.75mil in the previous corresponding period.