Wednesday, April 11, 2012

TGI Friday's Kingston makes modest profit for Prestige - Business - Jamaica Gleaner - Wednesday | April 11, 2012

TGI Friday's Kingston makes modest profit for Prestige - Business - Jamaica Gleaner - Wednesday | April 11, 2012: "The Jamaican operation, which consists of a single restaurant on Hope Road in operation since 2004, increased its revenues and posted a profit last year despite a lean economy.

The other territories made losses or reduced profits, said chairman of Prestige Holdings Joseph Esau in Prestige's annual report for year ending November 2011.

The company reported group profit of TT$7 million from revenue of TT$672.3 million. The Jamaican sales were not disclosed.

"The TGI Friday's restaurant in Kingston again achieved improved sales, but had supply chain and food cost challenges, and the business earned a modest profit," the report stated.


The Trinidad operations suffered from curfews and ended the year with reduced profit."

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