Collins Food revenue up by 15% in H1

The group announced an interim dividend of $12 per ordinary share.

Collins Food announced that its revenues went up by 15% during its half-year with growth across all business units.

According to a regulatory filing, the half-year period growth helped mitigate some of the margin headwinds from cost inflation.

Statutory EBITDA was at $93.4m. Underlying EBITDA was up 0.5% to $95.4m. The group also saw its statutory net profit after tax (NPAT) reach $11m, which includes $11.9m after-tax, non-cash impairment of eight Taco Bell restaurants. Meanwhile, underlying NPAT down 14.2% to $24.8m

“The resilience of the QSR, and KFC’s brand strength, in particular, allow us to be well-positioned to appeal to consumers regardless of economic conditions. Whilst we expect inflationary pressures to remain in the near term, we continue to pursue our long-term growth agenda, and will continue to invest in new restaurant builds, as well as equipment, technology, and operational innovations to provide unmatched experiences for our customers and our people,” Managing Director & CEO, Drew O’Malley, said.

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