Business

QSR, KFC record higher pre-tax profits for Q3

KUALA LUMPUR, Nov 28 – QSR Brands Bhd’s pre-tax profit for the third quarter ended Sept 30, 2012 increased to RM63.28 million from RM58.49 million in the same period last year.

Revenue rose to RM887.03 million from RM821.49 million previously, it said in a filing Bursa Malaysia today.

Meanwhile, its unit, KFC Holdings (M) Bhd’s pre-tax profit for the third quarter ended Sept 30, 2012 rose to RM51.92 million from RM48.92 million in the same period last year.

Revenue increased to RM751.14 million from RM697.83 million previously.

QSR and KFC said the better performances were attributed to growth in sales, driven by network expansion of new restaurant as well as refurbishment and remodelling of existing restaurants.

On prospects, both were confident of maintaining its financial performance for this year. – Bernama

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