Finger licking results for Collins Foods
Food service retailer Collins Foods (ASX: CKF) released its first half results on Wednesday, with the company reporting strong growth in profit. First half profit rose by 33.6% to $14.3 million, bouncing back from a $22.9 million interim loss last year. Collins Foods operates 175 KFC fast-food restaurants around Australia and owns 23 Sizzler restaurants. CKF shares closed up 23.2% for the week. We own CKF in the investment portfolio.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...