Retail Food Group, the retail food brand manager and franchisor behind such brands as Donut King, Michel’s Patisserie and Brumby’s Bakeries today posted a record profit for the group.
Retail Food Group reported a 10.6 percent growth in Net Profit After Tax (NPAT) to $26 million up from $23.5 million the previous financial year. Retail Food Group owns five franchise systems totaling 1,122 franchised outlets across Australia, New Zealand and China. Dividends to shareholders in Retail Food group will receive a 37 percent increase in the final dividend to 6.5 cents per share, earnings per share were up 8.5 percent.
Retail Food Group Chairman John Cowley said the result was due to the resilliance of RFG’s franchise model despite difficult retail conditions during the year.
