Hong Kong restaurant chain Café de Coral has announced rises in sales and profit for the six months ended 30 September.
Turnover rose to HKD1.610bn (US$208m), compared to HKD1.490bn in the same period a year ago. The profit attributable to the shareholders of the company rose to HKD136m, compared to HKD118m.
“In the months under review, we have been able to forge ahead continuously with our core businesses growth in Hong Kong, in particular, at both of our Café de Coral and The Spaghetti House,” said chairman Michael Chan Yue Kwong.
“Other than the core businesses, our newly established student catering business, Luncheon Star, also witnessed a steady business growth ever since its pilot entry into the school catering sector some years ago,” he said. “This business unit has now become a recognized market leader in the sector and contributes meaningfully to the group’s profit. At the same time, our Scanfoods food processing and distribution business, with a strong client base in the Hong Kong market and an expanding business presence in the Pearl River Delta, is ready to take a further step to penetrate to other regions in the Greater China market.”
“Continuing our expansion initiative in the China market, we have embarked on an aggressive branch development program in Southern China during the period under review,” he said. “As of today, we have brought the total number of stores in this region to 22, significantly adding 7 new stores from last year.”