Hitting a new record, Lakaffa’s revenue was over 300 million for three consecutive months

The consolidated revenue of Lakaffa was NT$ 368 million in July, hitting a new record of more than 300 million for three consecutive months. Moreover, the second quarterly net profits after income tax was NT$ 45.68 million, increasing 104.9% and 207.3% compared to that of the last quarter. The EPS for a single quarter was NT$ 1.23.

For the second half of 2018, Lakaffa, led by tea-based beverages, targeted Europe and Central and South America as its new markets. Besides, King Za International Co., Ltd., a subsidiary of Lakaffa, look forward to 23 new stores compared with the total number of stores last year. Sales revenue was expected to continue to rise.

Lakaffa’s consolidated revenue was NT$ 368 million in July with the MoM at 16.4% and the YoY at 65%. The cumulative sales were NT$ 2.09 billion from January to July, and the annual growth rate was 58.4%.

Lakaffa’s representative said that Lakaffa endeavored to reach the double-digit global growth and opened in July new stores in Cosmos Hotel Taipei, in Prague of Czech, in Prince Edward Island of Canada, in Mauritius in East Africa, in Mexico, Central America, at the Musée du Louvre and in La Vallee Village outlet in Paris, France, etc. Meanwhile, the Relight Group in China, a subsidiary of Lakaffa, continued to increase its market share by its Heilongtang and GOMAX brands. Besides, Osaka Ohsho opened a new store in Kaohsiung as well. All of these contributed to our hitting a new record in July.

Generally, the third quarter is the peak season for restaurant business. Based on the past sales performance, the revenue in the second half of the year would be better than that in the first half. Benefited from its investment in King Za in the first quarter and Infinite Plus Pty. Ltd.’s expanding its business in the restaurant industry, Lakaffa expected that the sales of the second quarter would be greatly improved. With the development of new company-owned stores and expansion of economic scale, the improvement would be more obvious in the second half of the year.

In the second quarter, Lakaffa opened a new store at the Musée du Louvre, Paris, France, as the first Asian brand entering into the Louvre. This was helpful to raise Lakaffa’s reputation in Europe. Besides, the Relight Group maintained the target to achieve the double-digit growth this year.

Regarding King Za and Infinite Plus, Lakaffa’s representative said that King Za would more focus on three brands: Wagokoro Tonkatsu Anzu Ginza, Duan Chun Zhen Beef Noodles and Osaka Ohsho. Infinite Plus, after adjusting its operation model, would adopt King Za’s methods in order to shorten the learning curve and increase its local market share, including obtaining license of different brands as a master franchisee.

2018-08-08 14:24 United Evening News By Yan Ya-Fang / Staff reporter in Taipei News Link：https://money.udn.com/money/story/5612/3297245