Jollibee profit slides by 50.2% on Smashburger losses
Fast-food giant Jollibee Foods Corp. saw a 34.4 percent year-on-year drop in attributable net profit in the first semester to P2.66 billion, dragged down by losses from American hamburger chain Smashburger.

For the second quarter alone, net profit slid by 50.2 percent year-on-year to P1.1 billion. Aside from losses from American hamburger chain Smashburger, extraordinary manufacturing expenses related to Red Ribbon’s transition to a new plant gnawed on the company’s earnings.  Six-month revenues increased by 9.8 percent year-on-year to P79.52 billion, driven by systemwide sales which rose by 13.8 percent to P59.43 billion. However, revenue growth was outpaced by the 12.8 percent increase in direct costs to P70.86 billion alongside general and administrative expenses as well as advertising expenses which increased by 12.7 percent year-on-year to P10.26 billion. Six-month net interest expenses also doubled to P651.34 million. – Inquirer.



  1. If you buy today – you just had 50% discount from the high; “VALUE FOR MONEY”
  2. JFC is a great company and we are sure the company will turnaround the business for good
  3. Acquiring Coffee & Tea Leaf will also make JFC to turnaround.
  4. Technical Indicators are staring at BUY and remember this stock is “VALUE INVESTING”


Key Points

  • Price consolidation
  • We are expecting the price to go above 8000 this week
  • Just be cautious with the President comment this week @ “In the coming days, there will be a very, very radical change in the behavior of the government. You know, I am not challenging you. You might win, or you may lose. But there is something to be seen,” he said. @ President full statement



Start trading with a Practice account and see if you like trading – open a Practice FOREX account @ FOREX PRACTICE ACCOUNT – Register yourself and trade the Forex Market and see if you like forex trading before jumping into our class for FREE. Our Free Classes


Option Trading is based on expiry and time – Open a Option Trading Practice Trading Account @ OPTION PRACTICE ACCOUNT Before your jump into option trading – watch all the videos and practice and if you like Option then come to our class and enjoy the FREE CLASS. Our FREE Classes


Maybe you like a safer platform and instrument – so open a Practice account for Stocks & Shares @ Stock Market Practice Account  – Before your jump into STOCKS & SHARES trading; then join our free classes Our FREE Classes

For more information Call Sharon @ 09199104104

High Risk Investment Warning:

Please note that trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.



Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2020 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?