Key factors that led to 501% growth in Collins Foods’ (ASX: CKF) FY24 NPAT

Mon 22 Jul 24, 06:20 AM | Team Kalkine

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Highlights

Collins Food is an ASX-listed restaurant operators which manages KFC and Taco Bell outlets across Australia, Germany and Netherlands

In FY24, CKF recorded 501.9% YoY surge in statutory NPAT to AUD 76.7 million

Challenger Managed Investments Ltd. has the maximum stake in the company with a shareholding of around 6.70%

Collins Foods Limited (ASX: CKF) is an Australian-based restaurant operator engaged in the management and administration of franchise restaurants across Australia and Europe. The company operates KFC and Taco Bell outlets in Australia, Germany, and the Netherlands.

In the financial year 2024 (FY24) ending 28 April 2024, the company recorded 10.4% YoY jump in its revenue to AUD 1,488.9 million and 12% YoY growth in underlying EBITDA to AUD 229.8 million, driven by growth in sales and cost efficiencies. The period saw 501.9% YoY surge in statutory NPAT to AUD 76.7 million, driven by underlying performance of the company, sale of Sizzler Asia, the impairment of Taco Bell, and the resultant depreciation deduction.

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