Burger Fuel reports 24.5% profit drop

Fri, 29 Nov 2024

Burger Fuel has reported a 24.5% decrease in net profit after tax for the six months ended Sept 30, 2024.

The company's net profit for the period was $438,733, compared to $581,136 in the same period last year.

Group operating revenue, excluding IFRS 16 interest income, also declined by 1.58%, reaching $12.4 million.

Despite the decrease in profit and revenue, Burger Fuel Group said it ended the period with no debt and cash reserves of $4.4m.

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