The Figaro Coffee Group (FCG) said profit for the first half of its fiscal year ending June 2024 grew 6.7 percent to P282.24 million from P265.11 billion.
The company told regulators revenues hit P2.77 billion, up 35.69 from P2.04 billion.
“The company saw improvements in top-line sales, bottom-line margins, enhanced store operations, strengthened commissary capacities, and laid the groundwork for further growth in the future,” it said.
For the quarterly period ended Dec. 31, 2023, the company posted profit of P195 million, up 7.2 percent from the prior year’s P181.9 million. Revenues stood at P1.45 billion, up 42 percent from P1.02 billion.
Figaro has 203 stores – 64 Figaro Coffee stores, 124 Angel’s Pizza, 10 Tien Ma’s, one Koobideh Kebabs and four Cafe Portofino.
