Ajisen China sales on the up
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Ajisen China has reported a 4.8 per cent improvement in same-store sales for the June quarter.
The Hong Kong-listed fast-casual restaurant operator combined sales in its local operations with those in the mainland and did not comment on the respective markets this reporting period.
Overall sales for the restaurant business rose by 6.4 per cent, reflecting network expansion.
The sales growth is a marked turnaround from the same period a year ago, when it reported a 10.8 per cent sales decline in Hong Kong and 1.8 per cent drop on the mainland, citing stiff competition in the restaurant and catering sector, especially in Mainland China.
Ajisen China operates Ajisen Ramen restaurants under licence to the Japanese brand owner.
Questions & Answers
Q.What specifically caused the overall sales growth reported by Ajisen China this quarter?
What specifically caused the overall sales growth reported by Ajisen China this quarter?
The overall sales for the restaurant business increased by 6.4 per cent due to network expansion. This indicates the company opened more outlets, contributing to higher total revenue beyond existing store performance.
Q.Did Ajisen China provide separate sales figures for its operations in Hong Kong compared to mainland China this quarter?
Did Ajisen China provide separate sales figures for its operations in Hong Kong compared to mainland China this quarter?
No, Ajisen China combined sales from its local Hong Kong operations with those in mainland China for this reporting period. It did not offer individual market commentary or separate figures for each region.
Q.How do these sales figures compare to the company's performance during the same period last year?
How do these sales figures compare to the company's performance during the same period last year?
These sales figures represent a significant improvement compared to the previous year. Ajisen China reported a 10.8 per cent sales decline in Hong Kong and a 1.8 per cent drop on the mainland during the same period a year ago.
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