9 Dec 2008

Burger company holds off expansion plans

9:31 am on 9 December 2008

Burger Fuel says it has shifted its focus from expansion to controlling costs following a period of what it calls extremely challenging trading conditions.

The high-end fast food company posted a loss of $669,000 in the six months to September, as food and oil prices soared.

It opened fewer stores than anticipated, blaming worsening economic conditions.

Burger Fuel executive director Joseph Roberts said the company had to delay some expansion plans in favour of maintaining margins.

However he said the price of food and fuel has started to improve, and the company is starting to see a return to margin.

Mr Roberts says Burger Fuel is still planning to set up in the Middle East, but so far it has been difficult to secure suitable sites in Dubai.