CASUAL dining chain operator Max’s Group Inc. (MGI) on Friday reported an 8 percent increase in net profit for the first three months of the year on the positive performance of its existing and newly opened restaurants.

In a disclosure to the Philippine Stock Exchange, MGI said net income in the first quarter rose to P162.3 million from P150.6 million in the same period last year, while revenue grew 12 percent to P2.68 billion from P2.40 billion previously.

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