BurgerFuel hit by rising costs

Gourmet burger chain BurgerFuel Worldwide is posting a first half loss of $669,000, as it continues to invest in expansion.

Chairman Peter Brook said the company had endured "extremely" challenging trading conditions with significant cost increases during the six-month period to the end of September.

Any further roll-out of stores in this country this financial year was uncertain due to current economic conditions, after two new franchised stores were added in the past six months.

In Australia, a "conservative" approach was being taken as the company continued to build the brand in Sydney.

Mr Brook said total system sales were up 12.4 percent from the corresponding six months last year to $12.25 million.

source: nzpa