Westlife Development soars 17% on robust Q1 results

Westlife Development has rallied 17% to Rs 408 after reported profit of Rs 116 million in Q1FY19 against loss of Rs 27 million in the same quarter year ago.

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McDonald’s is putting significant weight behind a wide spectrum of activities, which include working on healthy food options, ethically sourcing ingredients and reducing greenhouse gas emissions

SI Reporter Mumbai

Last Updated : Jul 27 2018 | 2:12 PM IST

Westlife Development, owner of the Master Franchisee of McDonald’s restaurants in west and south India, rose 17% to Rs 408 on the BSE in the noon deal after the company reported a consolidated net profit of Rs 116 million in June quarter (Q1FY19). It had posted a net loss of Rs 27 million in the same quarter year ago.

Total operational revenues during the quarter under review grew 30% at Rs 3,417 million against Rs 2,625 million in the corresponding quarter of previous fiscal.

“The company reported a double digit Same Store Sales Growth (SSSG) of 24.1% making

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