The largest and leading casual dining restaurant in the Philippines, Max’s Group Inc. recorded an increase by 34 percent in its net income from the same period last year.
Though Max’s did not have a good first quarter this year- having recorded an income of P123.7 million, a fall of 30% from their previous data, the restaurant chain proves that they can easily get back what they have lost. In the same quarter, even after having low earnings due to an increase in the price of raw materials and a much larger working force, their sales were much higher resulting for them to have a higher net income.
Following their success in increasing their net income from the previous quarter, the company continues to pave its way as it has once again documented a net income increase during the second quarter and doing the same in their sales.
It seems like the company’s decision of opening 77 new stores- from the past quarter had a great effect on their production.
After having a successful first half, the company promised that they will keep progressing as they try their best to remain consistent in giving their customers the service they all deserve. Max’s is striving to work much better than before.