News Formal

Starbucks M'sia's Parent Company Grapples with Financial Downturn, Reporting a Net Loss of RM91.5MIL

  • 📰 WORLDOFBUZZ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The Malaysian economy has faced several challenges in recent years, impacting businesses across the board. One example is the parent company of Starbucks

Malaysia, which has been grappling with a financial downturn.

They also reported a revenue of RM730.30 million and a pre-tax loss of RM87.34 million, down from last year’s revenue of RM1.12 billion and a pre-tax profit of RM148.73 million. The company’s revenue took a big hit, dropping 34.56% from RM1.1 billion last year to RM730.3 million in FY24.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Penang water company announces water supply disruption for 7,238 users in Nibong Tebal starting tomorrowNIBONG TEBAL, Aug 28 — A total of 7,238 user accounts here will experience a scheduled water supply disruption from tomorrow to Friday following the closure of the 600mm main...
Source: malaymail - 🏆 1. / 86 Read more »