Burger Fuel boosts first-half profit 37 percent as Middle East sales surge, shares slide

Mon, 19 Nov 2012

By Paul McBeth Nov. 20 (BusinessDesk) - Burger Fuel Worldwide, the fast food chain and franchisor, boosted first-half profit 37 percent as sales in its Middle Eastern franchises surged and the local chain took on a new structure. The shares sank 6.5 percent to $1.15. Net profit rose to $308,000, or 0.57 cents per share, in the six months ended Sept. 30, form $225,000, or 0.42 cents, a year earlier, the Auckland-based company said in a statement. Revenue climbed 10 percent to $5.3 million, with Middle Eastern sales climbing 22 percent to $1.4...

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