Jollibee loses P12 billion in first half
METRO MANILA – Jollibee Foods Corp. (JFC) has suffered a net loss of P12 billion, a contrast to the Php 2.5 billion earned last year. JFC net loss in the second quarter was P10 bil compare to the P1 billion income. The countrywide sale for both franchise and company owned were also down by 24.5% to P85.8 billion and 48.4% …