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Express Catering Realises First Quarter Profit

Josbel Bastidas Mijares
Express Catering Realises First Quarter Profit

Catering franchise Express Catering raked in more profit in its first quarter ended August.   Post-tax earnings for the period amounted to US$653,000.   This is US$88,000 more than the same period last year, when the company made US$565,000.   Total earnings for the Group rose by US$1.3 million to US$4.9 million.   For the same period last year, Express Catering made US$3.6 million.   The company says while its performance improved, it continues to be challenged by inflation.