BURGERFUEL REPORTS RECORD SYSTEM SALES
10 June 2014 - BurgerFuel Worldwide has reported systemwide sales of $66.2m for the year ended 31 March 2014
The New Zealand-born global gourmet burger brand has reported a net profit after tax of $400,656 with a 20.0% rise in Group Operating Revenue to $14.4M with BurgerFuel Total (unaudited) System Sales up 34.3% to a record $66.2M for the 12-month period that ended 31 March 2014.
In January, BurgerFuel Worldwide announced the signing of an agreement with Franchise Brands LLC (the owners of Subway) as a major investor in BurgerFuel Worldwide. Since that deal was ratified by shareholders in late February, BurgerFuel has been preparing the company for rapid global growth, which will likely commence in 2015.
The share price as at 31 March 2014 was $2.30, an increase of 52.3% on the 31 March 2013 share price. Shares are currently trading at $2.52.
To read the Preliminary Full Year Results for the period ended 31 March 2014, click here
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