Berjaya Food Berhad (“BFood”) registered a higher revenue and pre-tax profit of RM154.39 million and RM8.76 million respectively in the current quarter ended 31 July 2017 as compared to a revenue of RM141.37 million and pre-tax profit of RM7.45 million reported in the previous year’s corresponding quarter. The increase in revenue and pre-tax profit were mainly due to additional cafes operating in the current quarter.

The Board has recommended a first interim dividend of 1.0 sen single-tier dividend per share (previous year’s corresponding quarter ended 31 July 2016: first interim dividend of 0.5 sen single-tier dividend per share) in respect of financial year ending 30 April 2018 to be payable on 27 October 2017. The entitlement date has been fixed on 13 October 2017.

With the weak consumer demand, the Group will be operating in a challenging environment in the remaining quarters. Nevertheless, the Group expects Starbucks to maintain its revenue growth momentum, and the price adjustment in the previous financial year is expected to mitigate the negative impact from the fluctuating Ringgit Malaysia.  In addition, the operational and menu rationalisation of Kenny Rogers Roasters will also have a potential to yield positive results for the brand moving forward.

Twitter