BurgerFuel reports yearly sales up 34.3%

The New Zealand born, global gourmet burger brand has reported a net profit after tax of $400,656 for the 12 month period that ended 31 March 2014.

This includes a 20.0% rise in Group Operating Revenue to $14.4M with BurgerFuel Total (unaudited) System Sales up 34.3% to a record $66.2M.

In January, BurgerFuel Worldwide announced the signing of an agreement with Franchise Brands LLC (the owners of SUBWAY®) as a major investor in BurgerFuel Worldwide. Since that deal was ratified by shareholders in late February, BurgerFuel has been preparing the Company for rapid global growth, which will likely commence in 2015.

The share price as at 31 March 2014 was $2.30, an increase of 52.3% on the 31 March 2013 share price. Shares are currently trading at $2.52.

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