Ajisen China has mixed third quarter
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A high in China almost equally matched by a dip in Hong Kong has resulted in a mixed third quarter for Ajisen China Holding’s fast-casual restaurant business.
Same-store sales in Hong Kong fell by 9 per cent for the three months to the end of September, while the growth rate in China had an upswing of 9.7 per cent.
Overall, the group’s business sales saw 6.4 per cent growth compared to the same period a year ago.
Chairman Poon Wai says the figures have not yet been reviewed or audited.
Questions & Answers
Q.What was the overall sales growth for Ajisen China Holding during the third quarter?
What was the overall sales growth for Ajisen China Holding during the third quarter?
The group's business sales grew by 6.4 per cent compared to the same period last year. This overall growth combines a strong performance in China with a decline in Hong Kong.
Q.How did same-store sales in Hong Kong perform during the third quarter?
How did same-store sales in Hong Kong perform during the third quarter?
Same-store sales in Hong Kong experienced a fall of 9 per cent for the three months ending in September. This dip contrasts with the growth seen in China during the same period.
Q.Have these third-quarter figures been formally verified yet?
Have these third-quarter figures been formally verified yet?
No, the figures have not yet been reviewed or audited. Chairman Poon Wai states that they are still awaiting this formal verification process for the reported results.
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