Fri, 13 Sep 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
6 Sep 2024
Berjaya Qhazanah Sabah Sdn Bhd holds board meeting in Kuala Lumpur

5 Sep 2024
Food sector innovations welcome

29 Aug 2024
Alliance Bank’s Q1 net profit rises 17% to RM177 million

27 Aug 2024
Public Bank’s Q2 net profit rises 10% to RM1.78 billion, declares 10 sen dividend

1 Aug 2024
KWAP net income surges to RM9.7 billion

31 Jul 2024
Starbucks profits fall again as CEO says brand ‘recovering’ from perceptions

13 Jul 2024
Manufacturing pushes IPI up 2.4pc

11 Jul 2024
SMJ Energy reports RM259 million net profit


ADVERTISEMENT




Branded Articles
Maxim teams up with more than 25 driving schools
K.T.I. Sdn Bhd shines with prestigious CIDB awards. A triumph in quality and performance..
UTP Hosts Global Congress to Tackle Sustainable Energy, Digitalisation, and Smart Community Challenges
Hilton boasts new Rooftop menu
Sinyi Group Founder, Chou Chun-Chi, Wins 2024 Asia Pacific Enterprise Award and Expands Sustainable Tourism Ventures in Sabah, Malaysia

Top Stories Today
What we know so far: The welfare homes that allegedly forced children to sexually abuse each other
KK closes Tanjung Aru park after otter attack on joggers
Typhoon Yagi to hit Malaysia? False, says MetMalaysia official
Otters attack joggers at Perdana Park
Indonesian man found dead inside croc's mouth after attack in Lahad Datu
Business Top Stories
Circle K owner says to pursue 7-Eleven buyout after rejection
Proton’s CKD exports to Egypt to contribute RM570 million by 2026, says Miti
Banks stay positive on O&G
‘Bitcoin changed my life’: Taxi driver cashes in on El Salvador’s crypto gamble
Backing for young entrepreneurs

Follow Us  

Daily Express Online


Follow us              

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