WhichFranchise.co.za:

Taste Holdings, the owner of the Maxi’s, Scooters Pizza, St Elmo’s and NWJ brands, posted gains in revenue and earnings in the six months to August helped by robust spending on fast food and despite the unpredictable spending on jewellery.

The group posted a 27 percent rise in systemwide sales to R416 million and a 23 percent rise in revenue to R113.4m. Operating profit rose 44 percent to R10.7m and headline earnings rose 50 percent to R5.3m. The shares were flat at R1.35.

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