06 May 2021 / 23:05 H.
PETALING JAYA: Berjaya Food Bhd (BFood) returned to the black in the third quarter ended March 31, 2021 with a net profit of RM11.61 million compared with a net loss of RM1.39 million a year ago, thanks to Starbucks Malaysia which achieved higher than budgeted same-store-sales growth.
Revenue rose 15% to RM181.73 million from RM158.60 million in the corresponding quarter last year.
For the nine months period, BFood’s net profit almost tripled to RM33.10 million from RM11.24 million a year ago, mainly due to effective cost management to mitigate the impact of the Covid-19 pandemic and the positive effect from the closing of loss-making outlets in the previous financial year.
Berjaya Food Bhd rose as much as 14 sen or 9.27% to RM1.65 after its earnings beat expectations. At 10am, the counter, which is on the top gainers list this morning, pared some gains at RM1.62, still up 11 sen or 7.28%. At RM1.62, the group was valued at RM535 million.
09 Feb 2021 / 23:41 H.
PETALING JAYA: Berjaya Food Bhd’s (BFood) net profit for the second quarter ended Dec 31, 2020 jumped 38.8% to RM11.12 million from RM8.01 million a year ago mainly due to the implementation of effective cost management.
However, revenue fell 5.4% year on year to RM174.1 million from RM184.12 million mainly due to lower footfall in stores as a result of growing concern on the increasing number of Covid-19 confirmed cases in the current quarter under review, as well as closures of certain non-performing stores.
For the six months period, BFood’s net profit increased 70.3% to RM21.49 million from RM12.62 million in the previous year’s same period; while revenue dropped 2.7% to RM354.82 million from RM364.56 million, mainly due to the same reasons in Q2.
KUALA LUMPUR (Feb 9): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Feb 10) include: Sarawak Consolidated Industries Bhd, Mitrajaya Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd, Eonmetall Group Bhd, LKL International Bhd, Gets Global Bhd, Dialog Group Bhd, Berjaya Food Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Teo Seng Capital Bhd, Oriental Interest Bhd, Genting Malaysia Bhd, AirAsia Group Bhd, Sapura Energy Bhd and Scomi Energy Services Bhd.
Sarawak Consolidated Industries Bhd’s units have bagged contracts worth RM821.32 million in Malaysia and Qatar for engineering, procurement, construction and commissioning (EPCC) projects. The first contract is for an EPCC project in Kuching worth RM421.97 million for the proposed mixed development in the Muara Tuang Land District and part of River Bank reserve, with an expected duration of 108 months. The second contract is for an EPCC contract in Qatar worth US$98 millio
At 9.05am, the FBM KLCI dipped 0.92 points to 1,634.07.
The decliners included Heineken Malaysia Bhd, Teck Guan Perdana Bhd, Perusahaan Sadur Timah Malaysia (PERSTIMA) Bhd, UWC Bhd, MI Technovation Bhd, Malayan Banking Bhd (Maybank), Berjaya Food Bhd and Tenaga Nasional Bhd (TNB).
Bloomberg said Asian stocks slipped Wednesday after U.S. equities pulled back from record highs on fading prospects for bigger government aid checks to individuals.
The dollar weakened, it said.
Rakuten Trade said Wall Street closed lower as profit taking activities emerged after all the major indices opened on fresh record highs.
It said the Dow Jones Industrial Average closed 68 points lower to end the session at 30,335 level. As such, we expect regional markets to be rather mixed today.