Jollibee Reports 15% Increase in Revenue in 2012
Manila—(PHStocks)—Jollibee Foods Corporation (PSE: JFC) – Audited Financial Results for the year ended December 31, 2012.
Following are the highlights of JFC’s results of operations in 2012 based on its audited consolidated financial statement. The audited consolidated financial statements differed only slightly from the unaudited financial statements that were reported on February 14, 2013 (by -0.13% in total assets, +0.2% in net income attributable to equity holders of the Parent Company and almost for revenues).
The consolidated revenues of Jollibee, which include sales of company-owned stores, commissary sales to franchised stores, franchised fees and royalty fees grew by 13.6% in the entire year while system wide sales, a measure of all sales to consumers, both from company-owned and franchised stores rose by 12.3%.
JFC’s audited consolidated net income attributable to equity holders of the Parent Company increased by 15.4% in 2012 to PhP3,728.2 million compared to 2011.
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