KFC in Cambodia Makes Losses in First Quarter
The Malaysian company that operates the KFC fast food restaurants in Cambodia has announced the venture made losses of more than a quarter of a million dollars in the first three months of this year. In its first-quarter report to the Malaysian stock exchange, QSR Brands Bhd, which owns a majority stake in the venture with the local conglomerate Royal Group, said that its operations in Cambodia made losses of $286,000 in the first quarter of 2012. The loss is an improvement, however, from the same quarter in 2011, when the company lost about $380,000. Overall, profits at QSR Brands declined by 8 percent in the first three months of the year compared to the same period last year. …
