RFG profit up 4.9% to $28.5m

One driver was the 31% increase in wholesale coffee revenues.

The retail food brand manager, franchisor, and wholesale coffee roaster announced an FY12 core NPAT result of $30.3 million, an increase of 8.9% on the previous year. Statutory NPAT meanwhile rose 4.9% to $28.5 million.

Retail Food Group Limited’s record NPAT follows seven successive years of annual profit growth and reflects a statutory cumulative annual growth rate of 30% for NPAT and 20.6% for EPS since Listing in June 2006.

RFG CEO Tony Alford said, “Astute management of the Company’s robust and diversified business model, underpinned by a 31% increase in wholesale coffee revenues together with enhanced franchise system revenues, has delivered tangible results for shareholders”.

Shareholders will be paid a final fully franked dividend of 9cps, up 20% on the previous corresponding period. The dividend will be paid on 11 October 2012.

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