Retail Food Group back in the black

Sue MitchellColumnist

Feb 27, 2020 – 10.14am

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Key Points

Half year revenue ($m) 151.4, up 2.5%
Pre-tax profit ($m) 45.4, v loss of 144.7%
Net profit ($m) 14.3, v loss of 112.9
No interim dividend declared

Food franchisor Retail Food Group is back in the black after racking up losses of $456 million over the last three years.

The owner of Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza, Pizza Capers and Gloria Jean’s reported a bottom line profit of $14.3 million for the December-half – its first profit since 2017 – after a loss of $111.1 million a year ago.

Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years.