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Figaro Coffee Systems Inc., a 100 percent subsidiary of newly listed holding company Figaro Coffee Group Inc., reported a net income of P424.6 million last year, up 274 percent from a year ago.
Figaro Coffee Systems Inc., which operates coffee shops, pizza delivery and restaurants, said its income for 2021 grew almost four times to P424.6 million from the previous year’s P155.1 million. The company said the increase was due to higher revenues for the year and the improvement in gross margins to…