date:Feb 01, 2013
Jollibee wont say how much it loses in China, but it expects to break even in two years. It says its three chains there enjoy a strong cash flow but that the company is investing heavily to generate long-term growth. In 2011 it opened a food processing plant in Anhui Province and built a research and development center and corporate offices in Shanghai. It is a matter of getting to a certain number of stores and continuously growing our same-store sales to achieve absolute profitability in China