MANILA, Philippines — Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues.
FCG reported revenues of P1.3 billion for its fiscal third quarter ending March 2024, up by 27 percent from same quarter last year.
The Figaro Coffee Group, a stalwart in the Philippine food and beverage industry, proudly presented its quarterly financial report for the period spanning October 1 to December 31, 2023, demonstrating robust growth and a solid financial standing. The company saw improvements in top-line sales, bottom-line margins, enhanced store operations, strengthened commissary capacities, and laid the groundwork for further growth in the future.
Businessman Jerry Liu’s Figaro Coffee Group, the operator of Angel’s Pizza and Figaro cafes, is making a final expansion push after reaching a milestone of 200 stores. In a stock exchange filing on Friday, Figaro Coffee brand and partnership director Ace Azarraga said the company plans to open 16 more outlets before the end of 2023. The company’s 200th store, an Angel’s Pizza branch, recently opened in Cabuyao, Laguna.
CIRTEK Holdings Philippines Corp. reported an attributable net income of $1.05 million for the third quarter, up by 58.1% from $665,755 in the same quarter last year.
The increase came after a 4.8% increase in its top line to $22.74 million in the July-to-September period, from the $21.69 million it booked in the same period last year, based on its quarterly report disclosed on Tuesday.
THE Philippine Stock Exchange (PSE) is adding three newly listed companies to the composition of sector indices but is keeping unchanged the 30-constituent main index, it said over the weekend.
In a media release, the exchange said Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT), and Raslag Corp., which held their initial public offering in the previous year, will be included after a composition review.
ValuePlus Auto Service, a leading automotive service provider, is excited to announce a new partnership with Mercantile Insurance, a top player in the insurance industry. With this collaboration, ValuePlus will begin offering motor car insurance and a range of similar products to its customers, positioning itself as a one-stop casa alternative and a comprehensive solution for car owners.
MANILA, Philippines — Figaro Coffee Group Inc. posted higher earnings in the first quarter, as the opening of new stores helped the company weather a high inflation environment.
Net income grew 52% year-on-year to P99.3 million in the first three month of the year, the company said in a disclosure to the stock exchange on Friday.
MANILA – Monde Nissin Corp said on Thursday it would acquire 15 percent of Figaro Coffee Group Inc for P820.3 million.
The acquisition is equivalent to P1 per share, the Lucky Me instant noodle maker told the stock exchange.
THE Philippine Economic Zone Authority (PEZA) has approved the application for expansion and new projects of the business units of Cirtek Holdings Philippines Corp., the firm said on Monday.
“The company is very glad for the continuous support and assistance of PEZA. Now that our country is attaining herd immunity and reopening its economy, the company is very optimistic that it would hit a significant increase in its export revenues,” the Cirtek group’s management said.
The Mercantile Insurance Company Inc. (MICI) is a Growth Champion!
Melecio C. Mallillin, Mercantile Insurance president, says while the non-life insurance industry averaged a yearly growth of 10 percent, the company was growing at the rate of about 32 percent.
Pizza is always a good idea in our book, and in particular, there’s one pizza that we’ve been seeing on our feeds lately. By that, we’re talking about the Creamy Spinach Dip Pizza by Angel’s Pizza. You’ll find it around social media—while it doesn’t have a dedicated hashtag (which makes searching for its popularity a tad difficult), it pretty much dominates the tagged photos on Angel’s Pizza’s Instagram page, and you can read plenty of raves about it on Twitter.
Cirtek Holdings Philippines Corp. said Monday unit Cirtek Electronics Corp. will expand production capacity in the first quarter to boost revenues.
