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Retail Food Group profit swells to $61.3m

AAP logoAAP 25/08/2016

Retail Food Group's profits has risen 79.1 per cent to $61.3 million as the company purchases a Victorian based food manufacturer and distributor.

The company, which operates major food outlets including Gloria Jeans and Donut King, said revenue rose 25.4 per cent to $310.47 million in the year to June 30 as it announced the purchase of Hudson Pacific Corporation in an $88 million cash and shares deal.

The company lifted its final dividend 2.75 cents to 14.5 cents, fully franked.

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