BurgerFuel Worldwide made it into the black in the year to the end of March, reporting a full-year net profit of $33,500 after a loss of $553,000 the year before.
Factors behind the improvement included solid trading in the Middle East, consolidation of New Zealand stores, cost efficiencies, closure of the company-owned Kings Cross store in Sydney and a cut in overheads in Australia.
Revenue fell 5 per cent from a year earlier to $8.3 million.
The group had $4.1 million of sales in the Middle East.
NZ sales were up 0.9 per cent to $27 million.
BurgerFuel turns profit
Photo / NZ Herald
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