Cafe de Coral

Retail Asia16/06/2021

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 net profit for 2020 almost quintupled, despite lower revenue in Hong Kong, thanks to pandemic relief and subsidies […]

Retail Asia08/04/2021

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 the city, including quick-service restaurants, casual dining, and institutional catering. She will also play […]

Retail Asia17/06/2020

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 Super Super Congee & Noodles QSR chains, along with the casual-dining restaurant’s Shanghai Lao Lao, Mixian […]

Retail Asia28/04/2020

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 quarter, the group entered into the deficit when the outbreak of […]

Retail Asia04/12/2019

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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 HK$4.264 billion with profit down from $228.7 million to $149.7 million. Chairman Sunny Lo […]

Retail Asia08/07/2019

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 modest 0.8 per cent to HK$8.494 billion, however profit attributable to shareholders soared 28.9 […]

Retail Asia29/11/2017

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 hit as rising staff costs exceeded the group’s pace of revenue growth. The profit […]

Retail Asia20/10/2017

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 restaurants in Nanjing, Shanghai and Wuxi this month. It […]

Retail Asia01/12/2016

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 interim results show revenue reaching HK$1.257 billion (US$162 million) compared with HK$1.176 billion for the corresponding […]

Retail Asia29/11/2016

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 shareholders rose similarly to HK$3.89 billion, according to its interim results. With […]

Retail Asia22/12/2015

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 billion in the first half of the year, […]

Retail Asia29/06/2015

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) reporting a 7.eight per cent improve in turnover to HK$7.356 billion and […]

Tag: Cafe de Coral

Cafe de Coral ramps up Mainland China expansion plans

Cafe de Coral Group appoints new managing director

Online move limits damage to Cafe de Coral Group’s sales

Cafe de Coral warns of 90-per-cent profit plunge

Cafe de Coral sacrifices margin for profit in tough half year

Cafe de Coral profits down during 50th anniversary year

“Shine Bright” Like Cafe de Coral

Cafe de Coral China closing east China stores

Revenue grows for Fairwood Holdings

Cafe de Coral grows revenue, profit, outlets

Cafe de Coral Group plans 20 new restaurants

Cafe de Coral thrives