Business
ASX edges up; APRA review slams Westpac for ‘immature’ culture – The Australian Financial Review
The ASX has firmed after weakness at the open; APRA has initiated a follow-on probe into liquidity compliance breaches at Westpac after damning risk review findings;…
Collins Foods has reported a fall in profit as the strength of its Australian KFC operations were hit by a poor performance from KFC Europe and Sizzler.
The company’s revenue rose 11 per cent to $499.6 million however profit slid 19 per cent to $16.8 million.
Despite this, the company declared a fully franked interim dividend of 10.5¢, an increase on the 9.5¢ interim dividend it paid last year.
KFC Australia’s performance helped to offset weakness elsewhere. Elesa Kurtz
The company has delivered…
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