Defining the News
The Figaro Coffee Group, one of the Philippines’ leading and beloved food and beverage conglomerates, hosted a remarkable press conference at the Edsa Shangri-La Mandaluyong. This exclusive event, titled “2023 Business Performance and Beyond,” was graced by the top management of the Figaro Coffee Group, including Mr. Justin Liu, Chairman; Ms. Divine Cabuloy, CEO/President; Mr. Mike Barret, COO/EVP; and Mr. Petronio Español III, CFO.
Despite these challenges, net income after tax witnessed an extraordinary 133% increase, soaring to P462.6 million from P198.2 million, driven by increased volumes and efficient cost management.
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