Restaurant Brands announces half year profit results for the half year ended 14 September

29/10/2015 1:53:04 PM

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Net Profit after Tax for the 28 weeks ended 14 September 2015 (1H 2016) was $13.4 million (13.7 cents per share), up $1.9 million or 16.7% on the prior period (1H 2015).  Net Profit (excluding non-trading items) was $13.1 million, up $1.6 million or 13.8% on the prior period.

Total Group Sales were $210.0 million, up 13.1% on the previous half year, driven by a strong performance from KFC and increased volumes from the new Carl's Jr. brand.  Same store sales were up 6.7% for the half year (+4.9% 1H 2015) with solid same store sales growth from KFC and Starbucks Coffee.

Combined brand EBITDA was up $4.4 million to $36.0 million.

Directors have declared an interim dividend of 8.5 cents per ordinary share, up 1.0 cent on last year.  The dividend is fully imputed and payable on 27 November 2015.