BurgerFuel narrows 1H loss, plans to buy more franchised stores, expand into US

Fri, 09 Dec 2016

By Sophie Boot Dec. 9 (BusinessDesk) - Burger Fuel Worldwide narrowed its first-half loss and says it wants to buy more stores and is still looking to expand into the US though its sales and option and collaboration agreements with investor Franchise Brands have ended. The net loss was $115,328 in the six months ended Sept. 30, from $487,533 a year earlier, the Auckland-based company said in a statement. Group operating revenue rose 7 percent to $10.4 million, largely from long-term recurring royalties and sales. Total system sales, which...

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