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GYG — Guzman y Gomez News Story

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Mexican fast-food chain Guzman Y Gomez's annual profit beats estimates

Aug 22 (Reuters) - Mexican fast-food chain Guzman Y Gomez GYG.AX reported a better-than-expected annual net profit and declared its first-ever dividend on Friday, as its restaurant pipeline continued to strengthen in key markets including Australia.

The firm reported net profit after tax of A$14.5 million ($9.31 million), compared to A$5.7 million last year and above the Visible Alpha consensus estimate of A$13.5 million.

GYG announced a payout of 12.6 Australian cents per share.

($1 = 1.5569 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)

 ((Sneha.Kumar@thomsonreuters.com))

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