Ajisen sales growth down

Business | Samantha Wong 17 Jan 2018

Restaurant operator Ajisen (China) Holdings (0538) said its same store sales growth rate dropped 7.9 percent in Hong Kong for the fourth quarter ended December 31, while same store sales growth rate in China was up 5.3 percent.

The group's fast casual restaurant business sales grew 2.4 percent. Its shares closed at HK$3.77 yesterday, up 18 HK cents or about 5 percent from the day before.

As at June 30 last year, the group's restaurant portfolio consisted of 649 Ajisen chain restaurants, with the most in Shanghai with 132 restaurants, followed by 78 in Jiangsu and 60 in Zhejiang. While Hong Kong has 29, down from 37 a year earlier.

The group's four major factories are in Shanghai, Chengdu, Tianjin and Dongguan.

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