BurgerFuel FY profit rises 33%, sees 2016 loss on costs of US expansion

Thu, 11 Jun 2015

By Jonathan Underhill June 11 (BusinessDesk) - Burger Fuel Worldwide said full-year profit rose 33 percent as the NZAX-listed fast food franchisor expanded its footprint of franchised outlets in the Middle East, Australia and New Zealand. Expanding in the US is expected to result in a loss for 2016. Net profit rose to $532,000 in the 12 months ended March 31, from $401,000 a year earlier, the Auckland-based company said in a statement. Sales rose 30 percent to $18.7 million, while system sales, which includes sales by franchisees, climbed...

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