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Jiamin Group(08519) published third quarter results for the nine months ended September 30, 2022. The group achieved sales of HK $ 154 million during the period, up 1.02% year on year; the loss attributable to shareholders was HK $ 8,065 million, down 15.81% year on year; The basic loss per share was 0.7 Hong Kong cents.
According to the announcement, the increase in revenue is mainly due to an approximately HK $ 17.5 million increase in high-end restaurant revenues with the opening of “Estro” and “Agora” in September 2021 and April respectively. 2022. However, mid-range restaurant, specialty coffee and casual dining revenues decreased HK $ 6 million, HK $ 4.6 million and HK $ 5.3 million respectively, due to the fifth wave of the COVID-19 outbreak in Hong Kong during the period.
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