Jollibee posts USD 118m net income in 2021


Jollibee Foods Corporation (JFC) reported a net income of USD 118 million for 2021, reversing a USD 230 million loss in 2020. Systemwide sales grew 20% year-on-year to USD 4.2 billion, while revenue rose nearly 19% to USD 3.1 billion. JFC CEO Ernesto Tanmantiong noted in Q4 2021, sales of its inter...

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Editor, Asian Pork Magazine, Manila, Philippines. Isa wrote a comprehensive report on how vaccinations work or fail, the types and trends in the article, ‘Vaccination essential for disease prevention, but not a silver bullet’.