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.

Over the same period, revenues reached P1.03b, reflecting a 95% year-on-year growth; whilst same-store sales climbed by 6%.