Retail Food Group Limited
(ASX:RFG) has served up a full year net profit of $32 million, up 12 per cent on last year’s result.
The owner of brands such as Donut King, Brumby's Bakery and Michel's Patisserie says supply and competition issues were offset by growth in its coffee and takeaway business.
Earnings from its takeaway businesses - Pizza Capers and Crust Gourmet Pizza - came in at $10 million, exceeding expectations by $1.8 million.
Total revenue increased 14.8 per cent to $117 million.
RFG declared a fully franked final dividend of 10.25 cents per share.
