Pizza 4Ps profits exceed pre-pandemic levels
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Pizza 4Ps has reported after-tax profits of VND83.5 billion ($3.5 million) for last year, higher than in the pre-Covid period.
The Japanese-owned chain, which had made a loss of VND38 billion in 2021, had earnings of around VND50 billion a year in 2018 and 2019.
In a filing with the Hanoi Stock Exchange, it said its return on equity was 55%.
Its equity increased to VND150 billion last year, and its debt-to-equity ratio declined from 1.99 to 1.51.
Pizza 4Ps currently has 32 restaurants, 14 in Ho Chi Minh City, 10 in Hanoi, two in Phnom Penh, Cambodia, and the rest in Da Nang, Hai Phong, Binh Duong, and Nha Trang.
Besides pizza, the company makes and sells dairy products, including cheese.
Questions & Answers
Q.How much profit did Pizza 4Ps make last year compared to pre-pandemic levels?
How much profit did Pizza 4Ps make last year compared to pre-pandemic levels?
Last year, Pizza 4Ps reported after-tax profits of VND83.5 billion ($3.5 million). This figure is higher than the approximately VND50 billion earned annually in both 2018 and 2019, before the pandemic.
Q.What was Pizza 4Ps' financial performance in 2021?
What was Pizza 4Ps' financial performance in 2021?
In 2021, Pizza 4Ps recorded a loss of VND38 billion. This contrasts sharply with their return to profitability in the following year, exceeding pre-pandemic earnings.
Q.How many restaurants does Pizza 4Ps currently operate and where are they located?
How many restaurants does Pizza 4Ps currently operate and where are they located?
Pizza 4Ps currently operates 32 restaurants in total. These include 14 in Ho Chi Minh City, 10 in Hanoi, two in Phnom Penh, Cambodia, and others in Da Nang, Hai Phong, Binh Duong, and Nha Trang.
Q.Besides pizza, what other products does the company make and sell?
Besides pizza, what other products does the company make and sell?
In addition to pizza, the company also produces and sells dairy products. This includes various types of cheese, diversifying their product offerings beyond their core restaurant business.