Japan Foods Holding raises dividends on record earnings, revenue
Published on May 28, 2014 9:00 PM
SINGAPORE - Japan Foods Holding said it has achieved another record year in profit and revenue.
The group, which operates Japan-themed restaurants like Ajisen Ramen, Menya Musashi and Osaka Ohsho, said its net profit rose by 14 per cent to $7.3 million.
Revenue for the year ended March 31 was up 2.4 per cent at $62.8 million.
It achieved a 4.3 per cent increase in gross profit to $51.2 million, with overall profit margin rising to 81.6 per cent from 80.1 per cent, mainly due to better control of raw material costs and more efficient use of materials.
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