Latest news with #RM37.2mil
The Star
08-05-2025
- Business
- The Star
BFood sticks to expansion plan despite setbacks
BFood said although current growth is modest, significant efforts are underway to reposition the business for greater resilience. PETALING JAYA: Berjaya Food Bhd (BFood) has reported its sixth consecutive loss-making quarter but remains committed to growth and diversification by expanding its brand portfolio and exploring both local and international markets, despite ongoing challenges faced at Starbucks. BFood said although current growth is modest, significant efforts are underway to reposition the business for greater resilience. For the third quarter ended March 31, 2025 (3Q25), BFood posted a wider net loss of RM37.2mil, compared to RM29.8mil in the same period last year. This marks its sixth straight quarterly loss. Revenue fell to RM113.6mil, down from RM138.6mil a year ago, while loss per share rose to 2.10 sen from 1.68 sen. The lower revenue was mainly due to a reduced number of stores in operation.
The Star
08-05-2025
- Business
- The Star
Berjaya Food reports wider loss in 3Q25, remains focused on long-term growth and expansion
KUALA LUMPUR: Berjaya Food Bhd (BFood), which reported its sixth consecutive loss-making quarter, remains committed to growth and diversification by actively expanding its brand portfolio and exploring both local and international markets, despite ongoing challenges faced by Starbucks. BFood said that although current growth remains modest, significant efforts are underway to reposition the business for greater resilience. 'The group is focusing on steadily building a strong foundation for future value creation. Strategic initiatives are already underway to enhance operational performance, and though the impact may not yet be substantial, the direction is clear. 'With continuous efforts to strengthen the core business and execute on its strategic roadmap, the group is well-positioned for sustained progress and improved financial outcomes over time,' BFood said in a filing with Bursa Malaysia. In the third quarter ended March 31 (3Q25), BFood posted a wider net loss of RM37.2mil, compared to RM29.8mil in the same period last year, marking its sixth consecutive loss-making quarter. Revenue for the quarter fell to RM113.6mil, down from RM138.6mil last year, while loss per share increased to 2.10 sen, compared to 1.68 sen previously. BFood said the lower revenue was mainly due to a reduced number of stores in operation compared to the corresponding quarter of the previous year. It said the higher loss was mainly due to the weaker performance of Kenny Rogers Roasters' operations and additional pre-operating costs incurred for the group's overseas operations For the nine months ended March 31, BFood reported a net loss of RM106.2mil, compared to RM53.3mil previously, while revenue dropped to RM360.9mil from RM599.7mil last year. BFood attributed the lower revenue and profit to the prolonged impact of the ongoing sentiment surrounding the Middle East conflict, which affected market dynamics and influenced customer spending patterns.
