PRESS RELEASE –
MINT 3Q05
PROFITS UP 50% YoY TO BAHT 240 MILLION
Minor International’s (MINT) 3Q05 revenues increased by 32% YoY to Baht
2,524 million and net profit increased by 50% YoY to Baht 240.2 million. Despite
higher oil prices and slower economic growth, MINT’s food and hotel businesses both
experienced higher YoY comp growth and overall net profit margins were up from
8.4% in 3Q04 to 9.5% in 3Q05. 9M05 earnings per share (EPS) was up 63% YoY to
Baht 0.26 per share.
In 3Q05, Minor Food Group’s (MFG) revenues increased by 11% YoY to Baht
1,299 million and EBITDA increased by 8% YoY to Baht 234 million due to a 4%
increase in same store sales, the addition of 22 new equity owned outlets, and
a 96% increase in franchising revenue. MFG continues to expand by franchising
the Pizza Company, Swensen’s, and Sizzler brands to partners both in
3Q05 hotel revenues were up 83% YoY to Baht 1,003 million on the back of
the Anantara Resort & Spa in Samui which opened in 4Q04 and because MINT
was able to fully consolidate the JW Marriott in Phuket and the Four Seasons
Bangkok in its financial statements. The fundamentals within the hotel business
remain strong with revpar up at all but two of MINT’s ten operating hotels and average
revpar increasing by 7% YoY to Baht 2,706 in 3Q05.
Minor International (MINT) is

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