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.
Businessman Lester Yu’s bakery chain Balai Ni Fruitas is looking to sustain growth momentum this year after net income surged 38 percent to P13.2 million.
Food kiosk king Lester Yu is expanding his presence in the restaurant industry by strategically acquiring fading legacy brands that have faced expansion challenges.
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.