Collins Foods Limited (AU:CKF) has released an update.
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Collins Foods Limited reported a slight increase in revenue to $703.5 million for the first half of 2024, despite facing challenging economic conditions, with KFC Australia showing growth and strategic investments in new restaurants. However, the company’s earnings and net profits were impacted by inflation and higher depreciation costs, leading to a decrease in underlying NPAT by 23.8%. The company remains optimistic, backed by strong cash flows and reduced net debt, positioning it for future growth opportunities.
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