Business
ASX 200 rises on Tuesday
The S&P/ASX 200 Index (ASX: XJO) went up 1.1% today to 6,589 points.
Here are some of the highlights from the ASX today:
Collins Foods Ltd (ASX: CKF) FY21 half-year result
The fast food business boasted of generating strong earnings growth in FY20 despite COVID-19 impacts.
Collins Foods revenue grew 11.3% to almost $500 million. KFC Australia was the star performer with revenue growth of 15.6% to $415.5 million and same store sale growth of 12.4%.
The company decided to close its nine remaining Sizzler restaurants in Australia, which were shut by 15 November 2020 following a brand review.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 10.5% to $63.7 million – ‘underlying’ means before AASB…
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