Restaurant chain operator Golden Gate’s profit plummets – VnExpress International


Restaurant chain operator Golden Gate’s profit plummets  Restaurant chain operator Golden Gate’s profit plummets - VnExpress International img 2041 min e1558279440850 1 7071 4445 1618474200

Sumo BBQ, the Golden Gate’s Japanese barbecue restaurant in AEON Mall, southern Binh Duong Province. Photo courtesy of AEON.


Restaurant chain operator Golden Gate saw its post-tax profit plunge 79.8 percent year-on-year to VND65 billion ($2.8 million) in 2020.

It posted VND4.5 trillion in revenue, down 5 percent year-on-year, according to its financial statement.

Golden Gate attributed the plunge in profits to the Covid-19 pandemic, which forced the company to temporarily close all of its restaurants in March and April last year as the country underwent social distancing.

It had to cut expenses and implement food delivery services. A total of 18 of its restaurants were shut down last year.

By the end of 2020, its total assets and liabilities were valued at VND2.3 trillion and VND1.1 trillion, respectively.

Golden Gate was founded in 2005 with its first restaurant in Hanoi, the Ashima mushroom hotpot restaurant. It currently runs over 400 restaurants under 21 brands nationwide, with over 4,000 employees.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Restaurant chain operator Golden Gate’s profit plummets – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF