Driven by strengthened marketing efforts, turnover grew by 10.4% to approximately HK$1,301.4m in the review period. Gross profit margin also improved despite the economic downturn.
Ebitda increased remarkably by 16.7% to HK$205.0m, and profit attributable to equity holders was up by 9.6% to HK$103.7m.
Eric Leung, CEO of Tao Heung, said: “We’re delighted that Tao Heung was able to maintain steady business growth during the review period despite the global financial downturn, outbreak of H1N1 virus and high local unemployment rate. Revenue growth has been attributable to a series of massive and effective promotions which were proven successful in maintaining customer traffic at our restaurants. Benefits derived from the logistic centres, along with stringent cost control measures supported by all staff members, enabled us to combat cost pressures, in turn maintaining overall profitability.”
Source: Tao Heung Holdings Limited
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