Domestic restaurant chains’ revenues last month grew by double-digit percentages from a year earlier, as the negative economic effects of a COVID-19 outbreak decreased significantly.
Kaohsiung-based Hi-Lai Foods Co Ltd (漢來美食), which operates buffet restaurant brand Hilai Restaurant (漢來海港餐廳), Hi-Lai Vegetarian Restaurant (漢來蔬食), luxury Chinese restaurant Celebrity Cuisine (名人坊) and other brands, posted NT$305 million (US$10.19 million) in revenue for last month, up 59.77 percent from a month earlier and nearly 4.75 times from a year earlier.
A steady drop in COVID-19 cases allowed people to resume consumption activity, and the government easing COVID-19 pandemic control measures ameliorated fears over gathering in
RECOVERY: Operators of chain restaurants profited from a travel subsidy and increased confidence of their customers despite high COVID-19 case figuresBy Crystal Hsu / Staff reporter
Taiwan Business Quick Take
Sercomm sales hit NT$3bn
Telecom equipment maker Sercomm Corp (中磊) yesterday reported revenue of NT$3.31 billion (US$116.43 million) for last month, down 8.62 percent month-on-month and 0.57 percent year-on-year. However, revenue last quarter increased 11 percent year-on-year and 12 percent quarter-on-quarter to NT$10.58 billion, setting a company record, Sercomm said. For the whole of last year, revenue was NT$36.1 billion, up 13.54 percent from NT$31.8 billion in 2019, it said, attributing the increase to the remote-working and distance-learning trends amid the COVID-19 pandemic, as market demand for faster data transmission and larger bandwidth increases.
RESTAURANTS
Hi-Lai sees record revenue
Restaurant operator Hi-Lai Foods Co Ltd (漢來美食) yesterday reported that revenue last month saw record growth for a sixth consecutive month, reaching NT$357 million. Up 3 percent annually, the month lifted last quarter’s sales 6 percent from a ye