KUALA LUMPUR: Berjaya Food Bhd
(BFood) recorded a net loss of RM14.8mil for the first quarter ended Sept 30, improving from a RM33.7mil loss in the corresponding period.
Revenue for the first quarter increased 3.3% to RM128.25mil year-on-year, with loss per share narrowing to 0.84 sen compared with 1.90 sen in the same period last year.
The operator of Starbucks in Malaysia said the slight improvement in revenue was mainly supported by contributions from its new overseas operations.
“In Malaysia, the group’s Starbucks operations achieved positive same-store sales growth, contributed to a marginal increase in revenue despite having a reduced number of operating stores during the current quarter,” it said in the notes accompanying its financial results.
Nevertheless, despite only a slight increase in revenue, pre-tax loss was reduced significantly by 51% to RM15.5mil, primarily due to improved profit margins from cost-saving initiatives, store rationalisation measures and lower depreciation following last year’s impairments.
BFood said it will continue exploring opportunities locally and abroad, while reinforcing its core operations to drive sustainable long-term growth.
“Our store consolidation efforts and the early signs of recovery, particularly in the domestic market, highlight the effectiveness of our strategy and our commitment to operational excellence.
“Moving forward, the group will continue to focus on innovation, digitalisation, and enhancing customer engagement across both online platforms and in-store experiences to deepen consumer connections.
“We aim to further build operational resilience, reinforce our core business, and drive sustainable growth to elevate brand equity and improve financial performance. These initiatives are strategically positioned to deliver long-term value and sustainable returns to our shareholders,” BFood said.
