Amano owner Savor reports loss as economic pressures take bite out of earnings

Amano is one of Savor's flagship Auckland restaurants. (Image: Supplied)

Thu, 22 May 2025

Auckland hospitality group Savor says it’s positioned for a strong recovery despite economic pressures and reduced foot traffic taking a bite out of its earnings.Earnings before interest, tax, depreciation and amortisation (ebitda) were $7.3 million for the year ended March 31, 2025, down from $8.8m a year ago.Savor recorded a net loss after tax of $1.2m compared to a profit of $0.7m in the prior year.This was primarily due to the one-time accounting write-off from the discontinued Seafarers operations, the group said.Total revenue fell 8...

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