Close X
Wednesday, November 27, 2024
ADVT 
National

A&W Reports Higher Profits And Sales, Increases Distributions To Unitholders

The Canadian Press, 21 Jul, 2015 10:49 AM
  • A&W Reports Higher Profits And Sales, Increases Distributions To Unitholders
VANCOUVER — A&W Revenue Royalties Income Fund (TSX:AW) increased its payment to unit holders Tuesday as it reported an improved second-quarter profit compared with a year ago.
 
The burger chain said it will now pay a monthly cash distribution of 12.1 cents per unit, up from its previous payment of 11.7 cents. Based on the fund's unit price, it will now yield about 5.8 per cent.
 
The increase came as the fund reported a profit of $7.2 million for the three months ended June 14, up from a profit of $4.2 million a year ago.
 
Distributable cash per unit for the quarter totalled 37.8 cents, up from 33.6 cents in the same quarter last year.
 
Sales in the quarter by restaurants in the royalty pool totalled $249.1 million, up from $220.9 million a year ago, while same store sales improved 8.9 per cent compared with 7.0 per cent last year.
 
The fund had 814 restaurants in the royalty pool during the quarter, up from 790 last year.
 
"Our results are especially noteworthy given our strong results from the same quarter last year," said Paul Hollands, president and chief executive of A&W Food Services.

MORE National ARTICLES

Musician Ryan Lewis Joins HIV-AIDS Conference To Speak About Charity

Musician Ryan Lewis Joins HIV-AIDS Conference To Speak About Charity
VANCOUVER — Musician Ryan Lewis is in Vancouver, rubbing shoulders with a different kind of celebrity — some of the world's leading HIV-AIDS experts.

Musician Ryan Lewis Joins HIV-AIDS Conference To Speak About Charity

Technology Used In Hunt Of A Different Kind For North Atlantic Right Whales

Technology Used In Hunt Of A Different Kind For North Atlantic Right Whales
HALIFAX — Scientists are preparing to deploy an arsenal of high-tech gadgetry into the Atlantic Ocean to try to track down one of nature's biggest, but most elusive creatures in a whale hunt of a different kind.

Technology Used In Hunt Of A Different Kind For North Atlantic Right Whales

Newfoundland And Labrador To Examine Potential Hydro Sales To Ontario

Newfoundland And Labrador To Examine Potential Hydro Sales To Ontario
Natural Resources Minister Derrick Dalley says the commitment was made today with Ontario Energy Minister Bob Chiarelli at the 2015 Energy and Mines Ministers' Conference in Halifax.

Newfoundland And Labrador To Examine Potential Hydro Sales To Ontario

Tom Mulcair Jumps Election Starting Gun, Launches Campaign-style Tour Of Ontario

Tom Mulcair Jumps Election Starting Gun, Launches Campaign-style Tour Of Ontario
OTTAWA — Tom Mulcair is jumping the starting gun for this fall's election, hitting the campaign trail this week in the crucial battleground of Ontario.

Tom Mulcair Jumps Election Starting Gun, Launches Campaign-style Tour Of Ontario

Petition Calls For Truth And Reconciliation Commission To Be Election Issue

Petition Calls For Truth And Reconciliation Commission To Be Election Issue
WINNIPEG — A petition that calls on all political parties to incorporate the recommendations of the Truth and Reconciliation Commission into their election platforms has more than 1,200 signatures.

Petition Calls For Truth And Reconciliation Commission To Be Election Issue

Tekmira Abandons Ebola Drug Development, Changing Focus To Hepatitis B Cure

Tekmira Abandons Ebola Drug Development, Changing Focus To Hepatitis B Cure
TORONTO — One month after clinical trials for a once-promising Ebola drug were suspended, the company behind the treatment has suspended all research on the compound.

Tekmira Abandons Ebola Drug Development, Changing Focus To Hepatitis B Cure