Berjaya Food Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2014; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Second Half Ending April 30, 2015
For the six months, the company reported revenue of MYR 114,952,000 against MYR 70,245,000 a year ago. Profit from operations was MYR 7,839,000 against MYR 4,270,000 a year ago. Profit before tax was MYR 171,558,000 against MYR 11,241,000 a year ago. Profit attributable to equity holders of the company was MYR 169,604,000 or 49.83 sen diluted per share against MYR 9,683,000 or 2.94 sen diluted per share a year ago. Net cash generated from operating activities was MYR 12,696,000 against MYR 765,000 a year ago. Acquisition of property, plant and equipment was MYR 20,068,000 against MYR 3,868,000 a year ago. The higher revenue was mainly due to the consolidation of BStarbucks' revenue. The higher pre-tax profit was mainly attributed to the consolidation of the improved results of BStarbucks and the contribution of the Brunei Starbucks operations.
The company provided earnings guidance for the third quarter, fourth quarter and second half ending April 30, 2015. The first half of the financial year's sales performance is lower than the second half of the financial year's sales performance as most of the festive seasons and school holidays fall into the second half of the financial year. The board of directors is confident that with the consolidation of the results of BStarbucks, the operating profit and revenue of the group are expected to improve significantly for the remaining quarters of the financial year ending April 30, 2015.