HongKong:2217

TJI FY2023 Annual Revenue Up 14.0% to HK$2,594.6 million Driven by Well-Managed Expansion Plan

Retrieved on: 
Monday, May 15, 2023
NFT, International, Marketing, GBA, COVID-19, Food, Supply chain management, Environmentalism, Digital technology, HKEX, TJI, Investment, Restaurant, Risk, Mainland, CRM, Lifting, Guangdong–Hong Kong–Macao Greater Bay Area, City, ESG, Supply, Transport, Relaxation, HK, Film industry, Pharmaceutical industry, Retail, Mobile phone, Renewable energy

Revenue of the Group achieved solid growth of 14.0% to HK$2,594.6 million, driven by the implementation of a prudent yet well-managed expansion plan that saw the opening of 40 new restaurants across Hong Kong, Mainland China, Singapore and Japan.

Key Points: 
  • Revenue of the Group achieved solid growth of 14.0% to HK$2,594.6 million, driven by the implementation of a prudent yet well-managed expansion plan that saw the opening of 40 new restaurants across Hong Kong, Mainland China, Singapore and Japan.
  • In Mainland China, the Group's business was severely impacted by the strict COVID-19 measures and lockdowns in major cities during the year.
  • Nonetheless, financial performance in the last quarter of FY2023 gradually improved since the lifting of social distancing measures and border restrictions.
  • With the openings of six new restaurants, revenue in Singapore reached HK$64.2 million, representing a 149.8% year-on-year increase when compared with FY2022.