Stock News 2011: Jollibee Expects 50-50 Revenue Mix

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ollibee Foods Corp. (JFC) expects a 50-50 ratio in revenues from its foreign and domestic multi-brand food chain business in the next three years.

Tony Tan Caktiong, Chairman and CEO of JFC, told reporters at the sidelines of the Franchise Asia 2011 where he was a speaker that while its international multi-brand food businesses is growing faster than its local business, the ratio is expected to be equally 50-50 ratio in three years time.

In terms of revenues, the foreign business now contributes 20 percent of its total business but is growing faster.

Tan Caktiong said that its China business is growing faster despite difficulties around the world like soaring food prices.

The company has acquired three food restaurants brands in China including a congee and noodle outlet. These franchises are growing fast as franchise concepts in China.

The company is also planning to bring these brands outside of China through franchise concepts.

It has also acquired a Vietnamese restaurant Viet Thai International, which is also being eyed for international franchising.

Locally, Jollibee has a total of 795 stores under franchise arrangements and accounting for 52 percent of its total Jollibee stores in the country.

40 percent of Greenwich stores are also under franchise while 65 percent of Chowking stores are under franchise.

Mang Inasal is now 65 percent under franchising arrangements.

http://mb.com.ph/articles/335315/jollibee-expects-5050-revenue-mix

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Stock News 2011: PLDT awaits regulators’ go-ahead on P78-billion Digitel deal

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Although stockholders of the Philippine Long Distance Telephone Co. (PLDT) approved yesterday the telco’s takeover of Digital Telecommunications Philippines, Inc. (Digitel), the P78-billion deal – supposed to be completed at the end of the month, could still be left dangling without the nod of regulators.

“We don’t see a legal impediment,” PLDT Chairman Manuel V. Pangilinan told reporters after the stockholders’ meeting the other day. However, the National Telecommunications Commission (NTC) still has to hold a second hearing on the transaction next Tuesday (June 21).

Meanwhile, in this week’s stockholders’ meeting, PLDT elected Pangilinan, Nazareno, Ray Espinosa, Oscar Reyes, Tatsu Kono, Takashi Ooi, Tony Tan Caktiong, Helen Dee, Juan Santos, and Lourdes Rausa Chan as Directors. Fr. Bienvenido Nebres, Pedro Roxas and Alfred Ty were elected independent directors.

PLDT needs a go-ahead from the NTC as well as the Securities and Exchange Commission (SEC) for the asset valuation and the Philippine Stock Exchange (PSE) for the block sale of the Digitel shares, among other technical requirements.

“It’s beyond our hands,” he admitted. “If everything goes well next week (at the NTC hearing), we hope it will be sooner than later. But we can’t tell how many days (it will take).”

http://www.mb.com.ph/articles/322852/pldt-awaits-regulators-goahead-p78billion-digitel-deal

Stock News 2011: Jollibee chalks up P3.1-B net profit in 2010, up 16%, as sales top P70 B

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Jollibee Foods Corporation posted a 16.3 percent improvement in net income last year to P3.1 billion from P2.67 billion in 2009, boosted by higher profit margins and strong fourth quarter sales.

In a disclosure to the Philippine Stock Exchange, JFC said systemwide sales grew 10.2 percent to P70.25 billion from P63.73 billion in the previous year. Systemwide sales meausure all sales by both company-owned and franchised stores.

On the other hand, fourth quarter profits jumped 17.4 percent to P954 million while system-wide sales expanded 11.6 percent to P19.46 billion.

“Practically all our brands in all countries where we operate achieved growth in the fourth quarter of 2010 versus 2009 led by our businesses Yonghe King and Hong Zhuang Yuan in China (up 30 percent), and Jollibee International (up 25 percent),” said JFC chairman Tony Tan Caktiong.

Tan added that “the acquisition of Mang Inasal contributed five percentage points of worldwide sales growth. Its worldwide store network stood at 2,316 stores as of the end of 2010, 23 percent more than 2009 primarily due to the addition of 345 Mang Inasal stores.

“We are able to preserve and even slightly improve our profit margins despite the fast rising cost of labor, power and raw material,” he noted.

http://www.mb.com.ph/node/305627/jollibee-chalk

Stock News 2010: Jollibee net P711M in Q3, up by 32%

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MANILA, Philippines—Fastfood giant Jollibee Foods Corp. grew its third-quarter net profit by 31.8 percent to P711 million from a year ago on higher retail sales and better margins from its worldwide restaurant network.

This brought JFC’s nine-month net profit to P2.15 billion, up by 16.2 percent year on year, on the back of P38.42 billion in revenue.

JFC chief executive officer Tony Tan Caktiong disclosed to the Philippine Stock Exchange on Thursday that sales were robust in practically all brands led by a double-digit growth rate in the turnover of its flagship Jollibee brand.

“Today, more people eat in each Jollibee store in the Philippines than in each of the past two years due to higher product value appreciation as rated by consumers in market research,” he said.

Systemwide sales—a measure of all sales to consumers—amounted to P16.88 billion in the third quarter and P50.79 billion for the nine-month period, both up by around 10 percent. Philippine sales rose by 7.7 percent while foreign sales grew by 20.5 percent year on year in the quarter.

http://business.inquirer.net/money/topstories/view/20101111-302711/Jollibee-net-P711M-in-Q3-up-by-32

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