Sun, 28 Apr 2024
Login

HEADLINES :


Home / Business News

Starbucks boycott pushes Berjaya Food to post RM42.6mil net loss in Q2
Published on: Friday, February 23, 2024
Text Size:

Starbucks boycott pushes Berjaya Food to post RM42.6mil net loss in Q2
Revenue for the quarter also reportedly fell by 38% to RM182.5 million compared to RM295.3 million last year.
Kota Kinabalu: Berjaya Food Bhd (BFood) has reported a net loss of RM42.6 million in the second quarter ended Dec 31, 2023, compared to a net profit of RM35.5 million in the previous year, due to the ongoing boycott on Starbucks, it has been reported.

Revenue for the quarter also fell by 38% to RM182.5 million compared to RM295.3 million last year, NST reported.

BFood’s net loss for the first six months of the financial year 2024 was RM23.5 million, against a net profit of RM70.2 million in the same period last year, while revenue was down 20.3% to RM461.1 million from RM578.4 million previously.

* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.

* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.

Keywords:
starbucks boycott, starbucks loss, berjaya food starbucks




Related News
26 Apr 2024
Now Berjaya says no plans for casino in Forest City

25 Mar 2024
Foreign investors’ net selling slides 24% to RM314 million

29 Feb 2024
Capital A hits turbulence with RM160mil net loss in Q4

28 Feb 2024
Public Bank Q4 net profit falls 5% to RM1.6 billion

20 Feb 2024
CelcomDigi’s Q4 net profit triples to RM435 million

13 Feb 2024
Foreign investors remain net buyers, with RM400 million inflow

5 Feb 2024
Foreign investors remain net buyers for 2 weeks with RM132 million inflow

31 Jan 2024
Bursa Malaysia’s FY2023 net profit up 11% to RM252 million


ADVERTISEMENT




Branded Articles
U Mobile opens first store in East Malaysia to further strengthen presence in the region
Three Sabah start-ups get honours
The All New Touareg R-Line
30% Units Sold During Launch of Kayana Heights by KTI Landmark Berhad
Legoland School Challenge: RM10,000 up for grabs

Top Stories Today
Use of term ‘Momogun’ . Urgent dialogue needed: Henrynus
House buyers win 18-yr fight
Territorial Sea Act remains valid: PMO
Education autonomy vital for Sarawak
RM1.2b cement factory a growth catalyst: CM
Business Top Stories
Kibing – China’s top investment in Sabah
Three Sabah start-ups get honours
AirAsia Consulting engages IFC on SriLankan Airlines divestiture
Nestle to adjust prices for products after surge in cocoa prices
AirAsia Group to list on Bursa Malaysia in September

Follow Us  

Daily Express Online


Follow us on             

Daily Express TV  
close
Try 1 month for RM 18.00
Already a subscriber? Login here
open

Try 1 month for RM 18.00

Already a subscriber? Login here