Burger Fuel FY profit jumps 55 percent on Middle East sales, plans to build up cash for investment

Tue, 11 Jun 2013

By Paul McBeth June 12 (BusinessDesk) - Burger Fuel Worldwide, the fast food chain franchisor, boosted annual profit 55 percent as sales in the Middle East continued to surge. The company won’t pay a dividend as it builds up cash for investments. Net profit rose to $1.1 million, or 2.05 cents per share, in the 12 months ended March 31, from $708,000, or 1.32 cents, a year earlier, the Auckland-based company said in a statement. Sales climbed 25 percent to $12 million, led by a 35 percent gain in Middle East revenue. The company raised $2 mi...

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