Profit and system sales up for BurgerFuel
The directors of Burger Fuel Worldwide Limited (BFW) (the Company) and its subsidiaries (the Group) are pleased to report its financial results for the year ended 31 March 2015.
BFW net profit after tax was up 33% to $532,170 for the year ended 31 March 2015. Group Operating Revenue increased by 30% to $18.7M with total (unaudited) System Sales up 25% to a record $82.8M for the 12 month period.
The Company say they have remained profitable while continuing investment into its founding vision of one day becoming a well-recognised and admired global brand. Last week they announced the signing of a deal with OhCal Foods LLC, which will further help ignite entry into America.
The past year has confirmed many aspects of BurgerFuel’s growth strategy as being on track. Previous market guidance spoke of anticipated losses in 2015 due to the investment required to continue to build the brand on the global stage. Accordingly, they are pleased to have delivered a profit in the period.
The Group has no debt and has cash reserves of $7.7M.
To view the Preliminary Full Year Results announcement, please click here.