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

NZ sharemarket ends flat after rate‑cut rally fades
Markets Market Close

NZ sharemarket ends flat after rate‑cut rally fades

The S&P/NZX 50 Index closed up 0.02% or 2.38 points.

ASX-listed Uvre to dual trade on NZX
Markets

ASX-listed Uvre to dual trade on NZX

The company says its NZ gold projects are its main focus.

Ryman HY sales down but improving 'more quickly than expected'
Property

Ryman HY sales down but improving 'more quickly than expected'

The retirement firm said it's tracking ahead of its full-year sales guidance.

Property sector welcomes quake reforms, savings vary
Property

Property sector welcomes quake reforms, savings vary

Kiwi Property says Minister Penk's reform will likely be beneficial to its business.