Retail in Asia

In Sectors

Philippines’ Jollibee earnings rise 22pc in Jan-Sept

Robust sales in both existing branches and new stores during the third quarter propelled fastfood giant Jollibee Foods Corp.’s profits up 27 percent to PHP3.12 billion (USD73.3 million) in the nine months to September this year.

The homegrown fastfood chain told the local bourse that its net income improved 15.9 percent to PHP1.01 billion (USD23.1 million) in the third quarter.

 

(Source: philstar.com)