RECIPE FOR OUTREACH:In China, TTFB plans to continue its expansion of the Thai Town brand, with the first outlet in Suzhou expected to open later this year, it said
Date: Apr 09, 2015
By: Amy Su / Staff reporter
The Tai Tong Food & Beverage Group (瓦城泰統集團) yesterday said it plans to grow its number of outlets in Taiwan and China from 77 to 95 by the end of this year and to more than 100 in the first half of next year.
“The company is continuing with its strategy of developing multiple markets with multiple brands this year to maintain our growth momentum,” TTFB chairman Charles Hsu (徐承義) told a news conference.
Tai Tong, which operates five restaurant chains, saw its net profit reach NT$253.47 million (US$8.11 million) last year, or earnings per share of NT$10.89 — the highest level since its listing in 2012 — and an annual increase of 3.72 percent from 2013. [FULL STORY]