Taipei Times
Date: Mar 14, 2016
By: Staff writer
Gourmet Master Co (美食達人), the operator of cafe and bakery chain 85°C (85度C), saw its net income last year doubled to NT$1.14 billion (US$34.60 million) from the previous year’s NT$527 million thanks to the company’s focus on organizational restructuring, cost control and brand building. Earnings per share were NT$8.07 last year, compared with the NT$3.74 recorded a year earlier. Total sales rose from NT$17.92 billion in 2014 to NT$20.46 billion last year, as store remodeling was progressing well in both Taiwan and China, the company said. [FULL STORY]