BurgerFuel more than doubles 1H earnings on store openings

Tue, 11 Nov 2014

By Suze Metherell Nov. 12 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain, more than doubled first-half earnings as it opened seven new stores in the period, lifting sales. Net profit rose to $213,000 in the six month period ended Sept. 30, from $96,000 a year earlier, the Auckland-based company said in a statement. Group operating revenue rose 27 percent to $8.5 million, while system sales, which includes burger sales in its franchised stores, rose 29 percent to $38.6 million. Operating expense rose 24 percent to $...

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