RESTAURANT BRANDS NE

RBD
End-of-day quote. End-of-day quote  - 01/22
11.87NZD +0.59%

Restaurant Brands New Zealand : ' Half Yearly Sales up 11.6%

10/17/2018 | 09:53pm

Directors are pleased to report that Restaurant Brands New Zealand Limited (RBD) has produced a first half unaudited net profit after tax for the 28 weeks ended 10 September 2018 (1H 2019) of $20.4 million (16.5 cents per share). This compares with a reported NPAT of $19.1 million (15.5 cents per share) for the prior half year.

After allowing for the impact of non-trading items the underlying NPAT was $21.9 million (17.6 cents per share), up $1.5 million or +7.0% on prior year.

Total brand sales for the Group were $431.0 million, up $44.9 million or +11.6% on 1H 2018 with the benefit of $A25.8 million in sales from the acquisition of 13 Australian KFC stores and one new store opening in the second half of FY18. Total operating revenue was $445.8 million, up $45.9 million on prior year.

Combined brand EBITDA at $69.2 million was $5.8 million (+9.1%) up on prior year, largely because of the contribution from KFC Australia acquisitions which delivered an additional $4.6 million.

Restaurant Brands' store numbers now total 305, up eight on the prior year and comprise 163 in New Zealand, 81 in Hawaii and 61 stores in Australia.

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Restaurant Brands New Zealand Limited published this content on 18 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 01:52:01 UTC

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