Figaro net profit climbs 52%

By Ed Paolo Salting

May 13, 2023 12:19 am

FIGARO Coffee Group Inc. recorded a net income of P99.3 million after tax for the first three months of the year, up by 52 percent from the P65.3 million recorded a year earlier as it opened more stores and saw strong consumer demand.

'The Figaro Coffee Group continues to post strong results as the consumer environment in the Philippines continues to progress well from the pandemic,' Figaro Chairman Justin Liu said.

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