“The future plan would be to expand into the huge untapped market in Sabah and West Malaysia,” Teo further said.īornOil’s gold inventory continues to climb on back of rising gold prices. Business risks for these kiosks are also much lower due to the low set-up costs, low operating costs and its mobile nature. Thus, this small kiosk set up concept offers a few competitive strengths including the fact that these can easily be put up in any strategic location.įurthermore, the set up time of the kiosks can be just a week, compared to a few months for a restaurant. Unlike other pizza restaurants, Pezzo is a kiosk which only requires an area of only 200 square feet to operate. Furthermore, the pizzas are sold either by slices or by a whole pizza, measuring 14 inches per pan, compared to the 12-inch pan used by most pizza operators.

Teo explained that the openness of any Pezzo kiosk gives customers a glance on how their pizza is being made and freshly baked from the oven, a process that is completed within 10 minutes. “Through extensive brand building activities, coupled with good QSCV practice (quality, service, cleanliness and value), and offering innovative menu items, the SugarBun brand name has become synonymous with ‘great food and great prices’,” he added.īornOil’s Pezzo franchise, meanwhile, has emerged in recent times to become one of the most popular pizza eateries in Sarawak, particularly in Kuching. “With a focus on product diversity that appeals to different palates, SugarBun has over the years catered to the changing taste of the consumers,” said Teo. On the company’s fast food and franchise division, BornOil executive director Raymond Teo said that the company currently has 69 SugarBun restaurants in Sarawak, 5 in Sabah while another 10 are in overseas markets. The statement added that “the Board is optimistic of continuing good and improved performances in the coming quarters should all our plans, barring any unforeseen circumstances, are satisfactorily carried out”. This strong financial performance was attributed to the company’s fast food and franchise, together with its mining, energy and related divisions. Profit after tax in turn leapt to RM11.99 million from the previous year’s RM7.19 million. In an announcement to Bursa Malaysia, the company said that its yearly revenue jumped more than three folds to touch RM279.96 million from the RM84.27 million recorded previously. LABUAN: For its financial year ended 31st January 2016, Borneo Oil Berhad (BornOil) recorded a sterling set of performance, coupled with its gold inventory touching unprecedented levels.

Kertas kerja perniagaan food truck