Press Releases

22 June 2018

Annual Results Announcement (For the year ended 31 March 2018)

The Group maintained its emphasis on improving the Customer Journey in its core quick service restaurant (QSR) business, investing in our people to enhance the public face of our business, as well as making improvements in technology to increase efficiency and add value for our customers. We are confident that these investments will soon translate into profitability and will bolster the long-term competitiveness of our operations.

In line with the Group’s multi-brand strategy, our casual dining business continued to fine tune its brand portfolio with a view to building our capabilities and achieving sustainable growth and positive performance across this business segment.

Following a period of consolidation to sharpen our focus on the Greater Bay Area in Southern China, the Mainland China business delivered satisfactory growth in profit and same store sales during FY2017/18. Led by a team of seasoned local professionals, this business segment has leveraged its solid operational team and sensitivity to local market preferences to achieve steady growth.

Although profits were lower than expected during the year under review, the Group’s investments in people, technology and systems are now beginning to show promising results. We remain confident in the Group’s business prospects for both the near and long term.


  • The Group’s revenue for the reporting year increased 6.7% to HK$8,427 million. Profit attributable to shareholders amounted to HK$458 million, which was 9.1% lower than the preceding financial year, mainly due to increased manpower investment.
  • The Group’s quick service restaurants and institutional catering business delivered stable revenue growth whilst focusing on improving the Customer Journey. We invested in people and upgraded in-store technologies to increase efficiency and add value for customers. 
  • Our casual dining division continued to fine tune its brand portfolio and focus on fundamentals to build our capabilities in this business segment.
  • Mainland China operations performed satisfactorily, with same store sales and profit growth attributable to successful product, price and marketing strategies catering to local market needs.
  • A final dividend of HK63 cents per share (FY2016/17: HK63 cents) and a special dividend of HK35 cents per share (FY2016/17: Nil) are recommended, with a total dividend payout ratio of 148.3% for the year in celebration of the Group’s 50th anniversary.

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