Friday 7 August 2009

Castle Hill. Coffee and doughnut to go

The downturn has not deterred customers from spending an average of $5 for a cup of coffee and a doughnut at Donut King, or $6 for coffee and cake at Michel's Patisserie, both of which have outlets across Western Sydney. Retail Food Group, at Castle Hill, has reported a full-year net profit up 33 per cent to $23.5 million. CEO, Tony Alford, said Michel's Patisserie contributed 38 per cent to the company's earnings, Donut King 34 per cent, while Brumby's Bakeries, also in the region accounted for the remaining 29 per cent. Chairman, John Cowley said, “the group has achieved exceptional full year results, enhancing its position as an innovative franchisor able to deliver profitable and sustainable outcomes for all stakeholders notwithstanding challenging economic conditions

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