Written by The Edge
Sakae Holdings, the operator of Sakae Sushi restaurants, says it registered an 89.2% increase in net profit before tax for the financial half year ending on 30 June 2010 (1HFY2010), posting a net profit after tax of $2 million compared to $1.1 million in the corresponding half year of 2009.
The group also reported $44.3 million in revenue for the half year, an increase of 0.4% compared to the previous corresponding period. Efforts to streamline operations also resulted in reduced expenses of $1.4 million.
With the recovering economy and vibrancy due to higher visitor arrivals, the group is optimistic about future prospects. However, operating conditions in the F&B industry is expected to remain challenging with escalating costs and higher customers’ expectations.
Sakae Holdings says it will continue to explore various opportunities that will allow the Sakae brand to expand globally through franchises, partnerships and fully-owned stores.
Dividend : 0.5 cent
