Jollibee Q1 net profit rises 18.3%

Jollibee Q1 net profit rises 18.3% on higher sales

Fastfood chain operator Jollibee Foods Corp posted an 18.3-percent increase in first-quarter net profit to P531 million from 449 million the previous year, with system-wide sales rising 13.0 percent to P11.7 billion.