Subscribe today - find out more
Why you should consider BusinessDesk
Retail

Burger Fuel turns to profit as it changes direction

Jenny Ruth
Fri, 14 Jun 2019

By Jenny Ruth June 14 (BusinessDesk) - Burger Fuel Worldwide says it posted a $1.2 million net profit for the year ended March, a turnaround from the previous year’s $463,000 net loss, as it transitions to a new business model. Sales fell 15 percent to $21 million, mostly reflecting the sale of the company-owned store in the United States to founding director Chris Mason in March last year, while expenses dropped 22.7 percent to $19.2 million. “This internal change lowers revenue from our proprietary product manufacturing operation but...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
New 3-storey planning rules, shorter MIQ in prospect this week
Pattrick Smellie | Tue, 19 Oct 2021

Also expected this week is an announcement from covid response minister Chris Hipkins to reduce managed isolation and quarantine stays from 14 days to nine.

Technology
Ministry of Health: two vaccine certificates for data reasons
Henry Burrell | Tue, 19 Oct 2021

New Zealand’s international vaccine certificates will be based on the EU standard.

Property
Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.