(Dan Tri) - In the past 9 months, the Highlands Coffee chain earned more than 756 billion VND in profit, up 2.9% over the same period last year. On average, the chain stores earned more than 2.7 billion VND per day.
According to the third quarter financial report of Jollibee Foods Corporation (JFC) - a "giant" in the food and beverage industry in the Philippines, the Highlands Coffee chain's earnings before tax, depreciation and interest (EBITDA) in the last quarter reached 568.9 million pesos, equivalent to more than 247 billion VND. This level decreased by 4.8% compared to the same period in 2023.
In the first 9 months, the EBITDA of this coffee chain reached more than 1.74 billion pesos (more than 756 billion VND), up 2.9% over the same period last year. On average, Highlands Coffee earned more than 2.7 billion VND per day.
Highlands Coffee is owned by Viet Thai International Company, founded in 2002 by Mr. Daivd Thai (Thai Phi Diep, born in 1972) - an overseas Vietnamese. In 2011, Jollibee Foods Corporation, through its subsidiary JSF, spent 25 million USD to buy 49% of Viet Thai's shares and 60% of the Hong Kong (China) business division of Viet Thai International Group.
Recently, Highlands Coffee has continuously opened new stores in many iconic locations of tourist destinations (Photo: Highlands Coffee).
Jollibee agreed to lend Viet Thai International Group an additional $35 million at an interest rate of just 5% (the loan was later repaid in 2016) so that the business could use it for future investments.
According to JFC's 2023 annual report, Highlands Coffee is a brand under SuperFoods Group - a subsidiary of JFS, with Mr. Thai Phi Diep as CEO. By the end of 2023, Jollibee will hold 60% ownership in SuperFoods Group.
Jollibee Foods Corporation was founded by billionaire Tony Tan Caktiong - currently the 6th richest person in the Philippines, according to Forbes . Jollibee currently operates the largest food service network in the Philippines with more than 1,700 stores globally, including fast food chains and the American brand Coffee Bean & Tea Leaf.
In 2016, the group announced its plan to conduct an initial public offering (IPO) of its Highlands Coffee chain on the Vietnamese stock exchange. However, to date, this intention has not been realized. At the end of 2022, Reuters reported that the Philippine group planned to sell 10-15% of the Highlands Coffee chain for $800 million.
Source: https://dantri.com.vn/kinh-doanh/highlands-coffee-bao-lai-hon-27-ty-dong-moi-ngay-20241225175219786.htm
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