BurgerFuel turns profit

Photo / NZ Herald

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.