Fruitas Holdings, led by food kiosk king Lester Yu, grew its consolidated net income by 11.5 percent to P33.3 million in the first quarter of 2025, lifted by stronger store performance and network expansion.
Food kiosk king Lester Yu’s Fruitas Holdings Inc. is taking over the two-decade-old Mang Bok’s roast chicken chain, marking the group’s entry into a new business segment.
Food kiosk and restaurant entrepreneur Lester Yu is positive on growth for the year after listed Fruitas Holdings saw a 56 percent spike in first quarter 2024.
Food kiosk king Lester Yu’s Fruitas Holdings bolstered its resources for expansion after successfully raising P200 million from its first ever sale of corporate notes.
Food kiosk king Lester Yu’s Fruitas Holdings saw profits jump 37 percent to P113 million while revenues soared to a historic high of P2.5 billion, an increase of 37 percent.
Food kiosk king Lester Yu’s Balai ni Fruitas Inc. soared in 2023, marking a 58 percent jump in net income to P59 million as the bakery chain acquisition that was launched during the pandemic pays off.