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.
Tucked into the bustling city of Makati is a new gourmet spot you can’t miss out on—Café Portofino.
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.
Newly listed Figaro Coffee Group Inc. saw profits double in its 2022 fiscal year as restaurant sales recovered after the easing of pandemic restrictions.