Sapphire Foods India rises after smaller quarterly loss
YUM•Sapphire Foods India reported a second-quarter consolidated net loss of 15 million rupees, down from 127.7 million rupees a year earlier, while revenue from operations rose 20% to 8.88 billion rupees.
1. Quarterly results
Shares of Sapphire Foods India rose as much as 2.5% after the company reported a second-quarter consolidated net loss of 15 million rupees, compared with a loss of 127.7 million rupees a year earlier. Revenue from operations increased 20% year over year to 8.88 billion rupees, with KFC posting its strongest growth in 16 quarters.
