Grand Parade Investments (of Burger King SA) reports headline losses of R20.12m

The first Burger King in South Africa opened its doors in Cape Town on 9 May 2013. Picture: Rafiq Wagiet/EWN

Grand Parade Investments (GPI) reported on Thursday a headline loss per share of 4.59c.

This is down 331% on the year before.

Revenues came in at R962 million, up 25%.

Headlines losses amounted to R20.12 million, more than double the loss of R9.28 million reported in the previous year.

The Money Show’s Bruce Whitfield interviewed Grand Parade Investments Chairperson Hassan Adams.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It [electricity price hikes] just never stops!

Hassan Adams, Grand Parade Investments

We have made mistakes… we’re now back on track…

Hassan Adams, Grand Parade Investments

I’ve never felt more positive than I do now.

Hassan Adams, Grand Parade Investments

To import product is suicidal!

Hassan Adams, Grand Parade Investments

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This article first appeared on 702 : Grand Parade Investments (of Burger King SA) reports headline losses of R20.12m


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