A 38 percent jump in fast food restauranteur Prestige Holdings’ profit in the quarter to August this year over the similar quarter last year pushed quarterly profits to $17.2 million from an increase of 6 percent in revenues to $254 million for the same periods.
For the nine months to date, revenues climbed 4 percent to $723 million and profit 14 percent after tax to $41 million over the similar 2014 period.
Expenses have been kept tight, for the restaurant operator with 112 locations within the Caribbean, but mostly in Trinidad, with Franchises for KFC, Pizza Hut, Subway and TGFI brands. The small revenue growth is indicative of a company operating in tight economies, with that of Trinidad, estimated to have fallen by 2 percent in real terms, for the year to June.
Earnings per share for the quarter is 28 cents and for the nine months 66 cents. The stock traded last on the Trinidad and Tobago Stock Exchange at TT$9.90.
38% jump in Prestige’s profit
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