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)

Wed, 27 Mar 2024

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...

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