Restaurant Brands predicts flat annual profit, holds interim dividend

Thu, 25 Oct 2012

Oct. 26 (BusinessDesk) - Fast-food franchise operator Restaurant Brands is forecasting a flat annual profit after reporting a mixed first-half result which included higher costs ahead of the startup of Carl's Jr stores. Net profit rose 2.4 percent to $8.8 million in the six months ended Sept. 10 on a 0.2 rise in group revenue. Including non-trading items, profit fell 9.2 percent to $6.9 million. The $2.9 million of non-trading items included a writedown of goodwill and store closure costs, and was up from $1.7 million the previous year. The...

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