SHAKEY's Pizza Asia Ventures Inc. (SPAVI) on Wednesday reported netting P171 million in the first quarter (Q1), down 15 percent from a year ago, as higher costs offset robust growth in sales.

Consolidated revenues grew to P3.1 billion from P2.9 billion, while system-wide sales surged 15 percent year on year to P4.8 billion amid a network expansion program and a positive spillover from last year.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details