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The latest Q1 financial report shows huge progress! Magma will surely achieve profitability in the coming quarters after partnering with the well-known tea brand Chagee
They only have hotel business right now so result will not be good for at least 2-3 more quarters I think, new venture need time to build, unless they inject existing chagee outlet into magma
Just imagine, if one Chagee outlet brings in RM200,000 a month, that’s RM2.4 million a year. 300 outlets! It could turn into a real money-making machine
