Australia's Collins Foods climbs on robust FY22 profit

Collins Foods

28/06/2022 01:55

** Shares of Collins Foods  CKF.AX  rise as much as 10.7% to
A$9.900, marking their biggest intraday percentage gain since
November 2021 
    ** The fast-food chain operator says its underlying profit
from continuing operations for FY22 rose 47.2% to A$54.8 mln
($37.93 mln); it declared a fully franked, final dividend of 15
Australian cents per share  urn:newsml:reuters.com:*:nL4N2YE364
    ** Revenue of co in FY22 rose 11.1% to A$1.18 bln
    ** Says sales results over the first seven weeks of FY23
have been encouraging  
    ** Stock is biggest gainer on the benchmark index  .AXJO 
and hits highest since May 16
    ** CKF is down 33.1% this year, as of last close 

($1 = 1.4447 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))