Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Burgerfuel Reports Record System Sales of $66.2m

BURGERFUEL WORLDWIDE PRESS RELEASE

Tuesday 10th June, 2014

Burgerfuel Reports Record System Sales of $66.2m

BurgerFuel Worldwide has today released their Preliminary Full Year Results for the period ended 31 March 2014.

The New Zealand born, global gourmet burger brand has reported a net profit after tax of $400,656 with a 20.0% rise in Group Operating Revenue to $14.4M with BurgerFuel Total (unaudited) System Sales up 34.3% to a record $66.2M for the 12 month period that ended 31 March 2014.

In January, BurgerFuel Worldwide announced the signing of an agreement with Franchise Brands LLC (the owners of SUBWAY®) as a major investor in BurgerFuel Worldwide. Since that deal was ratified by shareholders in late February, BurgerFuel has been preparing the Company for rapid global growth, which will likely commence in 2015.

The share price as at 31 March 2014 was $2.30, an increase of 52.3% on the 31 March 2013 share price. Shares are currently trading at $2.52.

To read the Preliminary Full Year Results for the period ended 31 March 2014, please click here or visit www.burgerfuel.com/investorinfo/pdf/press-releases/BFW-Preliminary-Full-Year-Results-10-06-14.pdf

ENDS

www.burgerfuel.com


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news