Figaro Coffee Group, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 13, 2023 at 08:28 pm EST
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Figaro Coffee Group, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was PHP 1,317.33 million compared to PHP 1,018.69 million a year ago. Net income was PHP 88.19 million compared to PHP 83.42 million a year ago.
Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.02 a year ago.
Figaro Coffee Group, Inc. is a Philippines-based company, which is engaged in processing, manufacturing, and packaging all kinds of food products; to establish, invest, develop, operate and maintain restaurants, coffee shops and refreshment parlors. It serves, arranges and caters for foods, drinks, refreshments and other food or commodities, to partner and/or collaborate with other players in the food industry for the management and operation of food establishments and to acquire, invest, organize, develop, promote, or otherwise undertake the management and operation of commercial franchises in the food industry. It provides facilities and commissaries and performs all other activities and services incidental thereto, necessary or desirable in relation thereto, and offers and sells to public such products, franchises, services and other operations. It also operates its own roasting facility, warehouse and supplies and commissaries to cater and supply its stores and business partners.