Jollibee booked lower 9-mo income at P8.14B

MANILA, Philippines — Jollibee Foods Corp.’s (JFC) robust sales during the first nine months failed to translate into stronger profitability as higher costs and interest expenses took a bite out of the group’s earnings. The company’s profit in the January-to-September period declined by 9.7 percent to P8.14 billion from P9 billion. JFC’s net income attributable to