London Biscuits expects
revenue growth
fter its significant expansion of
production capacity and entry into new
export markets, London Biscuits is hoping
to increase its revenue by 20 per cent
annually in the coming years. The Johorbased
snack food and confectionery
manufacturer had registered an increase in
revenue of RM18.36 million for the second
quarter ending December 31, 2004 from
RM17.06 million recorded in the previous
corresponding period.
Additionally, the group is looking
forward to capture a bigger slice of the
confectionery market in the US and
Europe. London Biscuits, whose product
range includes about 70 types of assorted
confectionery and corn snack products,
plans to introduce five to 10 products a
year to keep pace with the changing
demand and new market trends. Also, the
Group has recently signed an agreement
with Fun Characters International to
renew its status as an official Disney
licensee for two more years.
