Figaro allots P1.2B for this year's capex

By Brix Lelis

May 20, 2024 12:20 am

FIGARO Coffee Group Inc. (Figaro) is setting aside around P1.2 billion for capital expenditures (capex) this year and expects sustained growth amid an aggressive store network expansion.

About 50 percent of the 2024 capex will be financed by internally generated funds, Figaro Chief Finance Officer Jose Petronio Vicente Español 3rd told The Manila Times last week.

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

Related Articles

Scarf Ace

Expect series of rate cuts – Fed official

Trump vows to make US world crypto capital

UK firm invests $600M in PH solar project

MAS finds 'potential issue' on A350-900 engine

Querubin joins BSP Monetary Board

How to avoid common pitfalls in a Bear Market