In­creased sales did lit­tle to off­set for­eign ex­change chal­lenges and ris­ing labour costs faced by Pres­tige Hold­ings in the first quar­ter of 2026, lead­ing to a de­cline in the com­pa­ny’s prof­its.

In its fi­nan­cial state­ments re­leased yes­ter­day, the restau­rant man­age­ment com­pa­ny re­port­ed a prof­it af­ter tax of $9.4 mil­lion for the pe­ri­od, down from $15.7 mil­lion record­ed in the cor­re­spond­ing pe­ri­od last year.

Pres­tige chair­man, Chris­t­ian Mout­tet, not­ed that group sales in­creased by four per cent to $356 mil­lion from $343 mil­lion, but prof­it be­fore tax de­clined by 38 per cent to $14.2 mil­lion from $22.8 mil­lion when com­pared with the pri­or year.