Ajisen China sales on the up
Ajisen China has reported a 4.8 per cent improvement in same-store sales for the June quarter.
The Hong Kong-listed fast-casual restaurant operator combined sales in its local operations with those in the mainland and did not comment on the respective markets this reporting period.
Overall sales for the restaurant business rose by 6.4 per cent, reflecting network expansion.
The sales growth is a marked turnaround from the same period a year ago, when it reported a 10.8 per cent sales decline in Hong Kong and 1.8 per cent drop on the mainland, citing stiff competition in the restaurant and catering sector, especially in Mainland China.
Ajisen China operates Ajisen Ramen restaurants under licence to the Japanese brand owner.