Food & Beverage
CR Beer cheers as profit soars 106% to US$660.7m
CR Beer cheers as profit soars 106% to US$660.7m
This rose from RMB2.07b, approximately US$318.7m, in the first half of 2020.
Vitasoy sees up to 107% profit drop over reduced demand
It estimated its performance to range between $50m loss and $60m profit.
Business receipts up nearly 10% ending eight quarters of decline
This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.
4 in 5 will likely top up their $5,000 vouchers
The majority of whom will likely use their credit cards to top up.
Budweiser APAC profit soars to $518m in H1
This is up from $196m in 2020.
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
China Youran Dairy estimates $3.2b net proceeds in global offering
It set its offer price at $6.98 per share.
Pandemic continues to dampen restaurant activity, as receipts drop 8.8%
Total receipts for the first quarter have been estimated at $19.7b.
Hong Kong relaxes COVID-19 measures as vaccine bubble starts
The government said the new social distancing measures would take effect from today, 29 April.
More than 40% of restaurants saw higher revenue in Q1
This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Deliveroo rolls out breakfast service
People may now order food beginning 7:45AM on weekdays.
Deliveroo rolls out catering services
This new feature facilitates cross-district delivery from over 50 catering partners.
Deliveroo pilots in-app feature allowing users to donate
The feature will allow customers to roundup their bills and make financial donations.
Deliveroo signs up over 1,500 new restaurants
The app also recently launched “PickUp” feature for users. Deliveroo has seen over 1,500 new restaurants join the platform since January, according...
Total restaurant receipts down 5.9% to $112.5b in 2019
Q4 marked the largest fall since the outbreak of SARS in Q2 2003.
37% of restaurants saw revenue growth in Q4 2019
However, only two in 10 businesses have reported profit growth.
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