Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit

//Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit

Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit

Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline.The company revealed its plans after its net profit for 2020 almost quintupled, despite lower revenue in Hong Kong, thanks to pandemic relief and subsidies by the Chinese and Hong Kong governments, and other actions it undertook to save on costs.“Our business in mainland China has…

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By | 2021-06-15T10:30:00+00:00 June 15th, 2021|Business|Comments Off on Cafe de Coral to speed up China expansion after mainland business, sops boost restaurant firm’s net profit