Restaurant Brands annual profit rise 7.8% as trans-Tasman KFC delivers, hikes dividend

Wed, 19 Apr 2017

By Paul McBeth April 20 (BusinessDesk) - Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to increase dividends to shareholders. Net profit rose to $26 million, in the 52 weeks ended Feb. 27 from $24 million a year earlier, the Auckland-based company said in a statement. Underlying earnings rose 26 percent to $30.6 million, within the company's guidance of between $30 milli...

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