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Max’s Group back in black in H1, posts P392 million net income

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ABS-CBN News

<p>MANILA - The operator of Max’s Restaurant said its first half net income surged to P392 million in the first six months of the year, versus a P603 million loss in the same period last year. </p><p>Max’s Group disclosed to the stock market that it posted second quarter systemwide sales of P2.91 billion and revenues of P1.78 billion--reflecting respective growth rates of 82 percent and 67 percent compared to the same period in 2020. </p><p>Max’s said its total first-half sales via delivery nearly doubled pre-pandemic levels, even as the government allowed dine-in services earlier this year. </p><p>“We are heartened by the resilience demonstrated by our powerhouse portfolio of most-loved brands in protecting consumer relevance, even with headwinds against us,” said company president CEO Robert Ramon Trota. </p><p>Besides Max’s Restaurant, the company also operates Pancake House, Yellow Cab Pizza, and Krispy Kreme. </p><p>“We believe that we are uniquely primed to come roaring out of this pandemic once the market opens up,” Trota added.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/life/04/07/21/filipino-restaurant-maxs-opens-first-branch-in-texas">Filipino restaurant Max&#x27;s opens first branch in Texas</a></li>	<li><a href="https://news.abs-cbn.com/life/07/26/21/list-restaurant-discounts-treats-for-vaccinated-customers">LIST: Restaurant discounts, treats for vaccinated customers</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1746106" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Besides Max’s Restaurant, the company also operates Pancake House, Yellow Cab Pizza, and Krispy Kreme. 