FIGARO Coffee Group Inc. (Figaro) is setting aside around P1.2 billion for capital expenditures (capex) this year and expects sustained growth amid an aggressive store network expansion.
FIGARO Coffee Group Inc. is setting aside around P1.2 billion for capital expenditures this year and expects sustained growth amid an aggressive store network expansion.About 50 percent of the 2024 capex will be financed by internally generated funds, Figaro Chief Finance Officer Jose Petronio Vicente Español 3rd told The Manila Times last week.The company also plans to utilize the remaining investments from Monde Nissin Corp., which acquired a 15-percent stake in Figaro for P820.
because we have a lot of stores that are still under construction, and we're still growing our store count,' Liu said, adding that 50 percent of the planned launches will be in Luzon.For the calendar year 2023, the food and beverage firm saw its net income balloon 84 percent year on year to P480.4 million, anchored on continued store expansion and prudent cost management.
Allots P1.2B For This Year's Capex
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