PERFORMANCE HIGHLIGHTS AND DEVELOPMENT PLANS
In 2013, revenue of the Minor Food Group increased by 16%, primarily the result of same-store-sales growth of 0.9%, together with outlet expansion of 12% during the year, and consolidation of Riverside since its acquisition in December 2012. Net profit of the group rose by 27% in 2013, resulting in improved net profit margin over the previous year, from increased operating leverage benefiting from higher sales flow-through and the turnaround of the China business, coupled with cost savings. All food brands exhibited strong performance with total system-wide sales increasing by 13.8% to Baht 34.4 billion in 2013. Minor Food Group currently operates 1,544 restaurants in Thailand, Singapore, Australia, China and 15 other countries under a diverse portfolio of 9 brands. Of total restaurants, 814 are company-owned while the remaining 730 outlets are franchised.