JAKARTA Yosefardi) – PT Fast Food Indonesia Tbk (FAST), operator of Kentucky Fried Chicken (KFC) outlets, allocates capital expenditure (capex) of Rp350 billion, funded by internal cash, for opening 30 outlets and renovate 50-60 outlets in 2014.
The company adds 33 outlets this year. It targets revenue to grow by 12% to Rp4.5 trillion next year, compared to
Rp4.125 trillion estimated for this year. While net profit is expected to grow 15% to Rp230 billion in 2014, compared to estimated Rp200 billion this year.
FAST booked net profit of Rp107.56 billion in first nine months of this year, inched down 2.3% from Rp139.75 billion in the same period of last year. Revenue increased 10% to Rp2.89 trillion while cost of goods sold reached Rp1.17 trillion.