Figaro full-year profit up 133% to P426.2M

By Brix Lelis

Oct 17, 2023 12:33 am

FOOD and beverage firm Figaro Coffee Group Inc. (Figaro) on Monday reported that net income rose by 133 percent to P462.6 million in the fiscal year ending June, more than double the P198.2 million recorded last year as aggressive store expansions and openings boosted revenues.

Full-year consolidated revenues rose 75 percent to P4.28 billion from P2.44 billion, complemented by a 6.0-percent growth in same-store sales.

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