Famous Brands, Africa’s largest branded food services franchisor, has reported strong results for the six months ended 31 August 2016, growing revenue by 23% and operating profit by 17%.
The Group’s CEO, Darren Hele, says, “In the context of challenging trading conditions experienced during the review period, the Group’s unwavering focus on consistent improvement and investment in the business continued to deliver rewarding results.” He adds, “Management’s strategic drive to build capability and capacity across our Brands, Logistics and Manufacturing operations continued apace, with the successful integration of recently acquired businesses and the acquisition of additional new businesses.”
The Group’s vertically integrated business model comprises a portfolio of 30 brands represented by a franchise network of 2 626 restaurants across South Africa, the Rest of Africa, the Middle East and the United Kingdom. The Brand business is underpinned by substantial Logistics and Manufacturing operations.
Famous Brands’ logistics division reported a 24% increase in revenue to R1.66bn, while operating profit grew 14% to R49m.
Its manufacturing division reported a 53% jump in revenue to R1.3bn and 64% profit growth to R166m.
