Sfinks increases its revenues and generates operating profit

During the first half-year, we increased the revenues despite the fact that we were operating with fewer restaurants compared to last year. So far, while we continue to open new restaurants, we have also closed down the outlets that generated results below expectations. Such activities, supported by further optimization of the internal processes, yield excellent results in terms of increasing profitability. During the first half of this year, we reduced the cost of sales by 2% and improved the operating result by PLN 6.17 million despite the expenses related to three large Sphinx chain marketing campaigns (TV included) launched in that same period. Consequently, similarly to the latter half of last year, we generated operating profit also during the first six months of this year. This shows that the changes we introduce at Sfinks make it possible for our group to consistently improve the results, says Sylwester Cacek, President of the Management Board of Sfinks Polska.

 

During the first half-year of 2013, Sfinks opened 4 restaurants, followed by further three that were opened during the summer holidays. All restaurants have attractive shopping gallery or downtown locations. Four were opened in Warsaw, and one each in Poznań, Kraków and Świnoujście.