Restaurant Brands annual profit slips 4.5 percent, sees bigger earnings in 2013

Wed, 03 Apr 2013

By Paul McBeth April 4 (BusinessDesk) - Restaurant Brands New Zealand, the fast-food franchise operator, reported a 4.5 percent drop in annual profit, though it sees increased earnings in the coming year as its new product mix takes hold. Net profit fell to $16.2 million, or 16.51 cents per share, in the 12 months ended Feb. 28 from $16.9 million, or 17.3 cents, a year earlier, the Auckland-based company said in a statement. That was on a 1.3 percent gain in sales to $312.8 million. The company is in the middle of tweaking its product mix...

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