The newly listed restaurant chain Hot Pot expects its revenue to rise by 25-30% this year as a result of expanding its outlet network, part of a strategy to prepare for the advent of the Asean Economic Community in 2015, says chief executive Sakuna Baicharoen.
The international buffet restaurant operator of Hot Pot and Daidomon brands has just finished fund-raising through the stock market, mobilising 286 million baht. Proceeds will be used to expand outlets.
Last year, Hot Pot reported 1.47 billion baht in revenue for a net profit of 39.9 million baht, earning 13 satang a share.
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