FOOD & BEVERAGE | Staff Reporter, Hong Kong

Food services sector total receipts amount to over $101b

But were operating expenses, goods sold and compensation of employees higher or lower in 2010?

In the food services sector which mainly covered restaurants, total receipts in 2010 amounted to $101.4 billion while operating expenses, cost of goods sold and compensation of employees totalled $93.7 billion.

Gross surplus increased from $7.4 billion in 2009 to $7.6 billion in 2010, accounting for 7.5% of total receipts in 2010. Value added increased by 6.9% over 2009 to $35.2 billion.

Overall, the import/export, wholesale and retail trades, and accommodation and food services sectors' total receipts (i.e. sales and other receipts) amounted to $4,132.7 billion in 2010, representing an increase of 17.9% over 2009; on a per establishment basis, total receipts increased by 13.2% compared with 2009 to $24.5 million in 2010.

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