Press Releases

14 June 2019

Café de Coral Group Announces Annual Results for the year ended 31 March 2019

Operating against the backdrop of an increasingly competitive market, the Group delivered solid, positive results during FY2018/19. Improvements in operating efficiency and margins led to strong growth in profit during the year under review, building on a steady foundation of stable revenue. The recent years’ investment in internal operations is also delivering tangible results.

With manpower costs firmly under control in our core quick service restaurant (QSR) business, the Group was able to improve both margins and profitability. Focusing on our Customer Journey, we rolled out the Service Champion Campaign to enhance our customer service, as well as technology upgrades to streamline the customer experience while improving productivity.

The casual dining business successfully groomed its key brands to deliver a meaningful profit contribution to the Group during the year under review. Improvements to business fundamentals have received positive response from customers, in turn driving same store sales growth.

The Group’s operations in Mainland China continued to perform. The business is healthy and stable, and is steadily growing in scale – with new store openings more than doubling those of the previous year.


      HIGHLIGHTS

  • The Group’s revenue for the first six months of FY2018/19 amounted to HK$4,198.5 million, a 1.7% increase compared to the corresponding period last year. Profit attributable to shareholders improved 16.2% to reach HK$239.1 million as investments in our core efficiency began to realise.
  • Our quick service restaurants and institutional catering focused on enhancing the Customer Journey through products, services and our operating model, contributing to the improvement in margins and profitability of the Group. 
  • The casual dining business improved its performance substantially after rationalising its portfolio and addressing fundamentals, and thereby establishing a solid platform for future growth.
  • Mainland China operations delivered stable results and the Group is keen to accelerate its network expansion in the Greater Bay Area.
  • An interim dividend of HK19 cents per share (2017: HK18 cents) was declared.

Please click the below link for the announcement:

http://www.cafedecoral.com/eng/investor_relations/announcements/images/Announcements2019/e_201819AR.pdf

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