This is RFG's sixth successive year with record profit growth, and reflects a cumulative average growth rate of 35.75%.
In a statement, Retail Food Group Limited also announced an increased final dividend of 7.5cps or 15.4%. Statutory NPAT rose 4.6% to $27.2m.
The Company’s NPAT represents the sixth successive year that RFG has delivered shareholders record annual profit growth, reflecting a cumulative average growth rate (CAGR) of 35.75% for NPAT and 24.18% for EPS since Listing in June 2006.
RFG CEO Tony Alford said, “The Company’s performance is testament to the effectiveness of its business model and franchise systems as is amply demonstrated by its ability to drive enduring results notwithstanding the severely challenged retail environment which has prevailed throughout FY11. Indeed, but for the natural disasters in Australia and New Zealand in the early part of 2011 which impacted 193 franchised outlets - representing 17% of outlet population - RFG’s core NPAT would have been in the order of 13% to 15% over the previous corresponding period”.
Photo credit: Retail Food Group website
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