Scoop has an Ethical Paywall
Burgerfuel Profit up 122%
Burgerfuel Profit up 122%
BurgerFuel reports a solid six months of growth and increased revenue as it scales up into its next phase of global development.
Net profit after tax in the period was $213,215, representing a 122% increase on the same period last year.
Group Operating Revenue was up 27.1% to $8.5M with BurgerFuel Total System Sales up 29.4% to a record $38.6M for the 6 month period. System sales growth continues and BurgerFuel rolling weekly system sales are now in excess of $1.5M per week.
The company has said they are delighted that they have remained in profit whilst continuing their considerable investment programme and preparations for future growth.
The Directors remain very positive about BurgerFuel’s future and have management focused on increasing revenue through the opening of more restaurants and generating larger system sales year on year.
To view the Preliminary Half Year Results announcement, please click here. BFW shares are currently trading at $3.50.
ENDS
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
