KUALA LUMPUR (Feb 28): KFC Holdings Bhd (KFCH) saw its fourth quarter earnings decline 21.9% to RM38 million from RM48.67 million a year ago.
It said on Tuesday that KFC India and KFCH International College continued to incur high initial start-up costs in the current quarter during the gestation period.
As for revenue, it said there was a 12.1% increased to RM766.64 million from RM683.92 million. Earnings per share were 4.80 sen compared with 6.14 sen.
KFCH said profit before tax declined by 3.8% to RM61.0 million from RM 63.4 million a year ago when there was a revaluation surplus of RM 6.7 million.
“If measured on a comparable basis, the profit before tax in the current quarter improved by RM 4.3 million or 7.6%,” it said.
For FY11, KFCH’s earnings fell 8.2% to RM144 million from RM156.85 million in FY10 while revenue increased by 10.9% to RM2.798 billion from RM2.522 billion.
The higher revenue in the Malaysian operations were due to the network expansion of 24 new restaurants during the year bringing the total units to 539 restaurants as at end December 2011.
KFCH also attributed the increase in revenue due to the introduction of innovative new products supported by effective execution of marketing promotions to encourage new trials and repeat visits.
It said on Tuesday that KFC India and KFCH International College continued to incur high initial start-up costs in the current quarter during the gestation period.
As for revenue, it said there was a 12.1% increased to RM766.64 million from RM683.92 million. Earnings per share were 4.80 sen compared with 6.14 sen.
KFCH said profit before tax declined by 3.8% to RM61.0 million from RM 63.4 million a year ago when there was a revaluation surplus of RM 6.7 million.
“If measured on a comparable basis, the profit before tax in the current quarter improved by RM 4.3 million or 7.6%,” it said.
For FY11, KFCH’s earnings fell 8.2% to RM144 million from RM156.85 million in FY10 while revenue increased by 10.9% to RM2.798 billion from RM2.522 billion.
The higher revenue in the Malaysian operations were due to the network expansion of 24 new restaurants during the year bringing the total units to 539 restaurants as at end December 2011.
KFCH also attributed the increase in revenue due to the introduction of innovative new products supported by effective execution of marketing promotions to encourage new trials and repeat visits.
