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Elections, low inflation to prop up growth this year, Jollibee says
By: Krista Angela M. Montealegre, InterAksyon.com
March 12, 2013 10:52 PM
MANILA - Jollibee Foods Corp (JFC) expects to sustain this year its growth momentum, getting a boost from election-related spending and lower commodity prices.
On Tuesday, Ysmael Baysa, JFC chief financial officer, told reporters that the company will "do even better" this year in terms of profit and sales performance.
"Last year, our profit grew by 15 percent and our revenues grew by about 14 percent so it's possible that we will enjoy the same kind of growth this year, especially since this year is an election year. We hope things will continue and we are working towards making those things achievable," Baysa said.
Earnings of the country's largest fast-food chain increased to P3.76 billion in 2012 from P3.25 billion the previous year. Revenues jumped to P71.05 billion from P62.56 billion in 2011.
http://www.interaksyon.com/business/569 ... libee-says
The break from resistance got a great help from the window dressing and Investment Grade rating on the last day of Philippine trading. Now the price is above the upper slope of the channel and above the 23.6% Fibonacci Retracement level. Most often we see a test of newly found support after the breakout of a stock, will it do the same on JFC? RSI is still below 70. Let's see how traders react on Monday. I am already on the bandwagon when I saw JFC's flag
Riding the JFC bandwagon
Take risks: if you win, you will be happy; if you lose, you will be wise. Trader's Logbook
@cnn .. 22:00 HK time
anthony bourdain in koreatown: featuring jolibee's halo-halo
Jollibee is planning to open 300 stores this year, achievable bayun? para kasing sobrang taas ng aim nila, sa sobrang taas baka di na ma maintain ang services ng bawat branch, tapos nabasa ko pa sa news may mga nagsarang branches ng jollibee sa US at China, ano po sa tingin nyo?
Jollibee Q1 earnings rise as more Pinoys flock to stores
Posted at 05/15/2013 2:47 PM | Updated as of 05/15/2013 2:47 PM
MANILA -- Jollibee Foods Corp. saw its net income attributable to equity holders rise by 33% to P894.7 million in the first quarter from P672 million in the same period last year.
"Strong same store sales growth and improvement in operating margin drove the significant increase in profit," the firm said in a disclosure.
System wide retail sales hit P23.837 billion, 11% higher than last year's P21.554 billion, while revenues went up 10% to P18.155 billion from P16.486 billion.
http://www.abs-cbnnews.com/business/05/ ... ock-stores
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