Figaro Group’s profit up 36% to P83 million as store sales climb

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.

The listed company starts its fiscal year in July and ends in June of the succeeding year. Through its subsidiary Figaro Coffee Systems, Inc., it operates and franchises retail restaurants.

In the three months ending September, the company’s top line reached P1.02 billion, up by 56.9% from the P649.16 million it booked in the same period last year.