August 06, 2013

Jollibee income climbs 32% on strong sales

Jollibee Foods Corp. (JFC) said its second quarter net income climbed 32.4% to P1.21 B from P915 M a year ago. Systemwide sales, a measure of all sales to customers both incompany-owned and franchised stores, jumped 13.6% to P26.06  B.

The  Philippine business posted a 12.6-percent growth in systemwide sales while the foreign business picked up 17.5%. Specifically, China grew 18.3%, Southeast Asia and the Middle East jumped 34.8% and US improved 6.3%. - WealthSec