11 Jun 2011

BurgerFuel makes first profit

7:01 am on 11 June 2011

Listed gourmet burger chain BurgerFuel has made its first annual profit.

The company made $33,500 in the year to March. The previous year it had lost $552,000.

BurgerFuel says sales through its stores rose 10% to $33 million.

Its share of the sales made under licence agreements with store owners fell 5% to $8.3 million.

The company has shifted its focus to expanding in the Middle East.