Jollibee first-half net down 5.9% to P4.69B

By The Manila Times

Aug 10, 2023 12:35 am

JOLLIBEE Foods Corp. (JFC) saw net income fall by 5.9 percent to P4.7 billion in the first six months of the year, from P4.99 billion a year earlier, following an 8.2-percent decline in second-quarter results to P2.5 billion from P2.73 billion.

The April-June drop, the firm said in a disclosure, was due to one-off gains from asset sales having been booked a year earlier.

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