“Despite uncertainties in the economy last year, KFCH still recorded a positive growth and we are confident and hope to sustain that sort of growth momentum,” KFCH managing director Jamaludin Ali was quoted as saying by Bernama yesterday.
KFCH recorded a revenue of RM600 million for its first quarter ended March 31, 2010, up by 14% from the corresponding period last year, while net profit rose 19% to RM34.24 million from RM28.7 million. Basic earnings per share rose to 17.27 sen from 14.47 sen, while net assets per share stood at RM4.16 as at March 31, 2010.
He also said KFCH planned to spread its wings by adding at least 20 outlets next year with a total investment of about RM45 million. Of the 20 outlets nationwide, 12 will be under the drive-thru concept, Jamaludin said at the KFC Hot & Spicy Shrimp launch here yesterday.
Currently, KFC Holdings has 495 outlets nationwide with 32 drive-thru concept outlets.
“We want to focus on the drive-thru concept. We need at least RM3 million for one outlet. We are aiming to have a minimum of one drive-thru outlet in each state,” Jamaludin said. This year, the company had opened 25 outlets to date, out of the planned 40 with a total investment of RM40 million, he said.
On another development, Jamaludin said that KFC Holdings was currently expanding the sausage capacity at its Port Klang plant to 1,000 tonnes from 500 tonnes currently.
“There is a lot of demand for sausages now and the facility expansion which is ongoing is costing about RM20 million. We hope for it to be completed by early next year,” he said. KFCH fell 10 sen yesterday to RM10.70, with 246,800 shares traded.
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