Tuesday, September 12, 2006

Costa Coffee breaks even

The Economic Times reports:

UK company Costa Coffee opened its first outlet in India in September 2005 in Delhi and has already broken even in one year of operations in the country. Costa Coffee is managed my Devyani International, the master franchisee for the company in India. Arjun Verma, Director and CFO of Devyani International, said that the company,
“…reached cash break-even in July. In another 3-4 months, we will cover depreciation too and start making net profits.”

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