Shakey’s returns to profitability

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Photo from Inside Retail Asia

By: The Philippine Star

Shakey’s Pizza Asia Ventures Inc., the listed full-service restaurant chain, returned to profitability in 2021, posting higher systemwide sales and reversing its 2020 net loss.

All business units reported a positive bottom line for 2021, resulting in an unaudited net income of P121 million for Shakey’s. The latest figure was also a  reversal of the net loss of P254 million reported in 2020.

Systemwide sales last year reached P7.01 billion, a growth of six percent versus the same period in 2020.

 

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