Collins Foods
(ASX:CKF) has today announced statutory net profit (NPAT) increased by 20 per cent to $39 million for the 2019 financial year when compared to the year earlier period.
The Group’s total revenue increased by almost 17 per cent to about $901 million mainly due to like-for-like sales growth and new restaurant openings.
The company says this increase in total revenue combined with strong business controls flowed through to increased earnings (EBITDA) for the reporting period of $112.2 million, up 25.2 per cent on the prior reporting period.
Collins says earnings, net profit and EPS were impacted by significant items excluding impairment totaling $1.5 million pre-tax, including restaurant closure costs for KFC Australia and KFC Europe of $1.3 million.
In addition, EBIT, NPAT and EPS were impacted by $5.2 million pre-tax, including non-cash impairment charges of $4.9 million.
The company declared a fully franked dividend of 19.5 cents per share.
Shares in Collins Foods
(ASX:CKF) are trading 1.69 per cent higher at $8.73.
