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Jollibee Foods Returns to Profitability in 2021
Jollibee Foods Corporation (JFC), the largest restaurant chain in the Philippines, announced its consolidated financial results for the fiscal year ended December 31, 2021, showing a net profit of 5,943 billion pesos (about 13.39 billion yen). The company returned to profitability from the previous year, when it posted a loss of 11,511 billion pesos.