BFG Preliminary announcement of full year results FY22

Burger Fuel Group Ltd today released its Preliminary Full Year Results for the 12 months ended 31 March 2022, revealing a Net Profit after tax of $575,869, representing a 19.2% decrease on the previous year.

Total systemwide sales across New Zealand (65 restaurants, all 3 brands) increased by 5.67%, while the Middle East sales improved by 10.0%.

All stores were closed between 18 August and 31 August 2021, with the Auckland stores reopening on 22 September 2021.

Delivery is now also available with the Winner Winner and Shake Out brands.

The company owned store in Takapuna continues to remain challenging, however the Group remains optimistic about sales improvement in this store in FY23.

The future of the Middle East business remains uncertain and the Group does not anticipate generating any material income from the region in the next couple of years.

The Group Performance over the next 12 months remains uncertain both with COVID and the current worsening economic conditions.