12 Jun 2015

BurgerFuel lifts full-year profit

9:43 am on 12 June 2015

Burger Fuel says it is focused on becoming a global brand and expects its profits to remain modest for some years, as it continues to plough-back earnings into growth.

BurgerFuel has 26 stores throughout the Middle East - including several in Saudi Arabia (pictured).

BurgerFuel has 26 stores throughout the Middle East - including several in Saudi Arabia (pictured). Photo: SUPPLIED

The burger chain's profit rose 33 percent to $532,000 in the year to March, reflecting its focus on market growth.

Revenue rose 30 percent to $18.7 million driven by a 25 percent increase in sales by its franchise operators to $82.8 million.

BurgerFuel chief executive Josef Roberts said the company had no debt and cash reserves of nearly $7.7 million, and it was well placed to fund its expansion without having to raise extra capital.

Investors cheered the result, with the company's shares jumping 11 percent, or 35 cents, to $3.55.