Jollibee’s Q1 profit surged 27% on stronger sales

MANILA, Philippines — Stronger sales from local and international branches boosted the first-quarter earnings of tycoon Tony Tan Caktiong’s Jollibee Foods Corp. by 27 percent to P2.62 billion despite declines in the China market. The homegrown company’s stock exchange filing on Tuesday showed that revenues in the January to March period jumped by 11.3 percent
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