Pres­tige Hold­ings Ltd (PHL) yes­ter­day re­port­ed af­ter-tax prof­it of $15.74 mil­lion for the three months end­ed Feb­ru­ary 28, 2025, a 60.48 per cent in­creased com­pared to the $9.80 mil­lion the restau­rant chain earned for the same pe­ri­od in the pri­or year.

PHL achieved the sharp rise in its prof­itabil­i­ty dep­site fact that it rev­enue in­creased by 0.5 per cent, mov­ing from $341.46 mil­lion in ts first quar­ter of 2024 to $343.14 mil­lion in the first quar­ter of its 2025 fi­nan­cial year.

In the re­portt on the com­pa­ny's first quar­ter, Pres­tige Hold­ings chair­man, Chris­t­ian Moutt­tet, said, "Whilst our sales over­all were rel­a­tive­ly flat com­pared to the pri­or year, the group did en­joy a sig­nif­i­cant­ly im­proved bot­tom line per­for­mance, par­tial­ly due to im­proved ef­fi­cien­cies and mar­gins, but large­ly as a re­sult of non-re­cur­ring charges in the pri­or year, that were not re­peat­ed in the cur­rent pe­ri­od."

He said thecharges were pri­mar­i­ly re­lat­ed to in­ven­to­ry and em­ploy­ee costs, would have pos­i­tive­ly im­pact­ed the prof­it growth re­port­ed this pe­ri­od, and will mod­er­ate in the com­ing quar­ters.

Pres­tige Hold­ings is the par­ent com­pa­ny of KFC, Piz­za Hut, Sub­way and Star­bucks), Week­enders Trinidad (TGI Fri­days Trinidad), Pres­tige Restau­rants Ja­maica Lim­it­ed (TGI Fri­days Ja­maica) and PHL Guyana Inc. (Star­bucks Guyana).