Burger King India falls after March-qtr loss

Restaurant Brands Asia

27/05/2021 06:33

** Shares of restaurant chain  BURG.NS  fall ~5.18% to
148.20 rupees, their biggest intraday fall since April. 12
    ** Co logged net loss of 259.4 mln rupees ($3.57 mln) in the
March qtr vs profit of 374.1 mln rupees a year ago, the firm
which debuted on the stock exchange in Dec said  urn:newsml:reuters.com:*:nFWN2ND0DD
    ** BURG, which runs a franchise of Restaurant Brands
International Inc's  QSR.TO  U.S. chain Burger King, logged a
2.6% rise in rev from ops for the March qtr 
    ** Expects FY22 same-store sales growth to be flat compared
to FY20
    ** ~3.5 mln shares change hands by 0500 GMT vs 30-day avg of
3.3 mln shares
    ** Burger King India shares still up ~39% as of last close,
since market debut on Dec. 14

($1 = 72.7100 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))