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Berjaya Food Shares Decline on Sharp Fall in Third-Quarter Profit

Por: MarketWatch Business May 19, 2023

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The food and beverage chain operator late Thursday reported a net profit of MYR15.9 million ($3.5 million), about half of the MYR31.6 million net profit in the same period a year earlier. Quarterly revenue rose 8% to MYR265.8 million. The company said margin compression due to inflationary pressures pushed operating costs higher, and despite higher revenue, weighed on its earnings. Maybank Investment Bank said Berjaya Food's earnings... + full article



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