Double down: Restaurant Brands' profit slides $8.6m

Tue, 08 Sep 2020

Covid-19 has swallowed Restaurant Brand’s profit, with the listed company reporting a drop in net profit of $8.6 million for the six months ended June 30.The company announced to the NZX profit of $11.4 million on total group sales of $383.4 million, which were down $59.2 million on the previous half year. But its reporting period is two weeks shorter than the previous half year after it changed its balance date to December from February.Combined store earnings before interest, taxes, depreciation, and amortisation was $62.1 million, down...

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