Jollibee posts P10.2-B loss

By Faye Almazan

Aug 06, 2020 12:22 am

Jollibee Foods Corp. recorded a net loss of P10.2 billion in the second quarter of the year, reversing its P1.04-billion profit in the same period last year.

In a filing, the listed fast food giant said the loss included the P7-billion cost of its planned business transformation program.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.