The Figaro Coffee Group, a stalwart in the Philippine food and beverage industry, proudly presented its quarterly financial report for the period spanning October 1 to December 31, 2023, demonstrating robust growth and a solid financial standing.

THE Philippine Stock Exchange (PSE) is adding three newly listed companies to the composition of sector indices but is keeping unchanged the 30-constituent main index, it said over the weekend.

Its net income after tax stood at P99.3m (US$1.7m). Philippine-based Figaro Coffee Group, Inc. reported its net income after tax grew by 52% to P99.3m, approximately US$1.7m, in the first quarter of the year.

Figaro Coffee Group Inc., an operator of cafes and a number of restaurants, said its income in the second semester of 2022 rose 47 percent to P265.11 million from the previous year’s P179.62 million.

MANILA, Philippines — Food giant Monde Nissin Corp. will acquire a 15% stake in Figaro Coffee Group, as the two companies take advantage of their clout in the food market to drive growth.

FIGARO Coffee Group, Inc. posted a 36.5% increase in attributable net income to P83.42 million in the first quarter from P61.11 million a year ago, after booking higher revenues.