Sunday, August 19, 2012

in the news: pckh (19 aug 2012)

Pancake House H1 earnings hit P49.9M
By Zinnia B. Dela Peña (The Philippine Star) Updated August 19, 2012 12:00 AM 

MANILA, Philippines - Lorenzo-led Pancake House Inc. more than doubled its first semester earnings to P49.9 million on stronger margins due to the hefty contribution of its New York-style pizza chain Yellow Cab as well as from the continued expansion of its flagship brand Pancake House.

Consolidated revenues in the first six months of the year surged 86 percent to P1.67 billion, mainly driven by new store development and same store sales growth. Total system-wide sales (total sales to customers both from company-owned and franchised stores) increased 77.19 percent to P2.02 billion.


Pancake House expects its net earnings to grow 70 percent this year from P90.16 million in 2011 largely due to the full-year contribution of Yellow Cab. Its EBITDA is likewise seen to rise to a range of P330 million to P570 million.