Figaro Coffee Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 12, 2023 at 06:32 am
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Figaro Coffee Group, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PHP 1,030.45 million compared to PHP 528.04 million a year ago. Net income was PHP 99.37 million compared to PHP 65.34 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.01 a year ago.
For the nine months, sales was PHP 3,070.73 million compared to PHP 1,774.13 million a year ago. Net income was PHP 370.66 million compared to PHP 236.71 million a year ago. Basic earnings per share from continuing operations was PHP 0.08 compared to PHP 0.05 a year ago.
Figaro Coffee Group, Inc. is a Philippines-based company, which is engaged in processing, manufacturing, and packaging all kinds of food products; to establish, invest, develop, operate and maintain restaurants, coffee shops and refreshment parlors. It serves, arranges and caters for foods, drinks, refreshments and other food or commodities, to partner and/or collaborate with other players in the food industry for the management and operation of food establishments and to acquire, invest, organize, develop, promote, or otherwise undertake the management and operation of commercial franchises in the food industry. It provides facilities and commissaries and performs all other activities and services incidental thereto, necessary or desirable in relation thereto, and offers and sells to public such products, franchises, services and other operations. It also operates its own roasting facility, warehouse and supplies and commissaries to cater and supply its stores and business partners.
FIGARO COFFEE GROUP, INC. 
