Burger Fuel turns to profit as it changes direction

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...

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