Starbucks Malaysia operator posts RM91.5m FY2024 loss on boycott, Jollibean sale

KUALA LUMPUR: Starbucks Malaysia operator Berjaya Food Bhd (BFood) reported a net loss of RM91.5 million for the fiscal year ending June 30, 2024 (FY24) compared to a net profit of RM103.4 million in the previous year, on consumer boycotts and a one-time loss from the disposal of Jollibean Foods Pte Ltd.