Restaurant Brands lifts first-half profit 41% on overseas expansion

Wed, 18 Oct 2017

By Tina Morrison Oct. 19 (BusinessDesk) - Restaurant Brands New Zealand lifted first-half profit 41 percent after the fast-food operator expanded its footprint through Australia and Hawaii. The Auckland-based company said net profit rose to $19.1 million, or 15.5 cents per share, in the 28 weeks ended Sept. 11, from $13.5 million, or 13.3 cents, a year earlier. Sales jumped 51 percent to $386.1 million. First-half profit excluding non-trading items lifted 27 percent to $20.2 million and the company said it expects full-year profit on t...

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