The company’s revenue rose 10.0% y-o-y to $86.4 million in FY2024, lifted mainly by the significant expansion of its restaurant network to 79 restaurants from 65 the year prior, driven by the continued growth of its Halal-concept segment.
Japan Foods Holdings has reported a net loss of $495,000 for its FY20204 ended March, compared to its earnings of $4.13 million a year ago. In a May 24 announcement, the company attributed this to a 17.7% y-o-y increase in selling and distribution expenses due to higher manpower costs, utilities expenses and depreciation charges.
Losses per share for the period came in at 0.28 cents, from earnings per share of 2.37 cents per share in the FY2023.
