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Jollibee Foods Returns to Profitability in 2021
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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.