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Cafe de Coral, a prominent foodservice operator, has disclosed a slump in earnings, attributing the setback to a frail economy and lukewarm consumer sentiment. The fiscal report for the year ending March 31 revealed a 1.4% slide in revenue, resulting in…
Cafe de Coral expects to report lower net profit for the six months ended September 30 due to a “severe and expected downturn” amid a weakened economy. The restaurant chain forecasts net profit to decline not higher by 30 per cent from HK$200.6 million…
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…
Café de Coral has promoted Piony Leung to managing director (Hong Kong) with immediate effect. In her new position, Leung reports to group CEO Peter Lo and manages business operations and provides strategic leadership across Café de Coral Group’s business in…
Listed Hong Kong restaurant and catering operator Cafe de Coral Group managed to minimize the impact on sales during Covid-19 social-distancing restrictions by expanding its online and delivery operations. The company operates the Cafe de Coral fast food and…
Cafe de Coral group expects its full-year profit to plunge by up to 90 percent for the March year as the Covid-19 crisis and last year’s protests dented customer traffic. In a profit warning to shareholders, chairman Sunny Lo said that during the fourth…
Cafe de Coral Group sacrificed margin to maintain sales in the first half of this year, resulting in a 34.5-per-cent decline in profit attributable to shareholders. Group sales remained relatively stable in the six months to September, up 1.6 percent to…
A sharp focus on customer experience and behind-the-scenes efficiency has driven a solid rise in profits for Cafe de Coral in its 50th year of trading. Revenue for the Hong Kong-listed quick-service restaurant, catering and casual dining operator rose by a…
With expansion in Hong Kong and “outstanding” growth in China, restaurant/catering group Cafe de Coral Holdings says it has had six months of key achievements. Its first-half revenue grew by 6.2 per cent to HK$4.1 billion (US$525 million), but profits were…
Cafe de Coral China is closing its stores in the nation’s east to focus on the southern China market. With 359 restaurants in Hong Kong and 99 on the mainland, the Hong Kong fast-food chain announced on its official WeChat account that it is closing its…
Revenue grew 6.8 per cent for fast-food company Fairwood Holdings in its six months to the end of September. Fairwood’s positive result coincides with a strong performance from rival corporate restaurateur Cafe de Coral reported earlier this week. Fairwood’s…
Total revenue for the half-year to the end of September rose by 4.3 per cent to HK$3.89 billion (US$501.5 million) for restaurant and catering group Cafe de Coral Holdings. Net profit, at HK$232 million, was up 11.8 per cent, while profit attributable to…
Quick Service Restaurant giant Cafe de Coral Group says it plans to open at least 20 new outlets in Hong Kong in the current financial year as it seeks to revive profit growth. The company this week revealed a three per cent increase in sales to HK$3.73…
Listed QSR operator Cafe de Coral has reported an eight per cent rise in similar retailer gross sales and a robust efficiency in Hong Kong, regardless of difficult mainland China market. The corporate launched its 2015 yr financials as we speak (June 23)…
