Restaurant Brands has recorded a strong first half result, helped by the addition of its new Hawaii-based business and expansion of its KFC restaurants Australia.
Photo: RNZ / Diego Opatowski
The operator of KFC, Pizza Hut, Starbucks, Carl's Jr and Taco Bell increased net profit by more than 41 percent to $19.1 million to 11 September over the year earlier.
There was a 50 percent increase in group revenue to $399.9m.
It said the rise was mostly a result of the contributions from Hawaii and Australian operations which were acquired part-way through the first half of the reporting year.
The company said the New Zealand business was also strong with revenue up 7 percent on the year earlier, driven mainly by KFC.
Restaurant Brands said its recent acquisitions increased debt to $133.1m compared with last year's $46.5m.
Directors expect full-year net profit to be about $40m.