Now for the main course: Savor to serve up a profit

Now for the main course: Savor to serve up a profit
Amano is one of the top performers in the 20-restaurant stable. (Image: Savor)
Brent Melville
Savor Group expects to report net profit after tax of between $1.5 million and $2m for the full year to March on the strength of improved margins and resurgent summer hospitality trading.In what will be the first full financial year without the hangover of the prior Moa business or pandemic impacts, the restaurant group is forecasting earnings before interest, tax, depreciation and amortisation (Ebitda) of between $8.5m and $9m.In a trading update, the New Zealand stock exchange-listed company said cash generation had been positive across the g...

More Markets

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.