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
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
