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+ Follow BAKER FRESH FOODS PHILIPPINES Tag
BAKER FRESH FOODS PHILIPPINES
Array
(
    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 385100
                    [Title] => Jollibee profit rises 28% to P2.15B
                    [Summary] => 




Fastfood giant Jollibee Foods Corp. (JFC) reported a 28-percent growth in its net income last year to P2.15 billion, helped by higher sales and an improved margin expansion.


In a disclosure to the Philippine Stock Exchange, JFC said its system-wide sales — a measure of all sales to consumers both from company-owned and franchised stores — went up 13.5 percent while net income as a percent of revenues rose to 6.4 percent last year from 5.8 percent in 2005.
[DatePublished] => 2007-02-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 378338 [Title] => SEC okays merger of 3 Jollibee units [Summary] => The Securities and Exchange Commission (SEC) has approved the plan of Jollibee Foods Corp. to merge three of its major subsidiaries – Chowking Food Corp., Greenwich Pizza Corp. and Baker Fresh Foods Philippines.

The surviving entity would be Chowking, under the name Fresh N’ Famous Foods Inc., which will become the second-largest fastfood service company in the country next to Jollibee itself, accounting for 52 percent of group-wide sales.
[DatePublished] => 2007-01-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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