Restaurant Brands 2016 profit rises 1%, sees 2017 profit gain of up to 25%

Wed, 13 Apr 2016

By Jonathan Underhill April 14 (BusinessDesk) - Restaurant Brands New Zealand's annual profit grew 1 percent in 2016, the slowest pace in three years, as it was hit by higher costs, although the fast-food company said 2017 earnings could rise as much as 25 percent on growth in both KFC and Pizza Hut, and its expansion into New South Wales. Profit edged up $24.1 million in the 52 weeks ended Feb. 29, from $23.8 million in the prior year, which covered 53 weeks, the Auckland-based company said in a statement. It already reported annual sale...

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