Cafe de Coral (HKG:0341) expects selling prc up 3-5% in 2H


Cafe de Coral (00341.HK) expects rental cost to rise 15% in the coming 12 months and food material cost to also climb 15% before the current fiscal year ends, chairman Michael Chan said today. Therefore, a 3-5% upside is expected for the selling prices of the company's food products in the coming 3-6 months, which means an increase of HK$0.5-1.0 based on the average receipt value of HK$30 for the Hong Kong operation, he said.

For the fiscal first-half through September, Cafe de Coral's average price increase was 5%.


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