Jfc Group's History

2010- The new acquisition, Mang Inasal also contributed to the jfc group’s worldwide sales growth during the year. The JFC Group’s worldwide store network stood at 2,316 stores, 23% higher than a year ago due primarily to the acquisition of Manginasal that added 345 stores to the jfc group’s network. The jfc group opened in 2010 a total of 182 stores worldwide: 98 in the phil and 84 overseas.

GROSS PROFIT- increased by 5.7% to P10,117 million from 9569.4 million.

NET INCOME- a increased of 20.5% due mainly to the jfc group’s revenue growth and higher other income. On a per share basis,

2009

Gross Profit- gross profit increased by 18% or P1,458 million to P9,569.4 million, from P8,111.4 million in 2008. As a percent of revenues, gross profit improved mainly due to the improvement in raw material prices. And JFC opened a total of 168 stores worldwide.

Net income- JCF group recorded a net income of P2,666.9 million in 2009, an increase of 14.9% from P2,321.8 million in 2008 on account of higher profit margin resulting from lower raw materials prices, more efficient marketing spending and lower income taxes. The improvement in net income came mainly from the Philippines, partly offset by the fast rise in operating and administrative expenses from our foreign business driven by the rapid expansion of our store network particularly in Peoples’ Republic of china.

On per share basis, after tax net earnings per share for 2009 amounted to P2.610, 15.1% higher compared to previous year’s after tax earnings per share of P2.268.

2008

In 2008, the world began to experience an economic downturn that was so severe. We opened 186 new stores worldwide in 2008.

Rise in the cost of food raw materials affected