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Taste Holdings puts interim loss in context

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Carlo Gonzaga, CEO of Taste Holdings (Supplied)
Carlo Gonzaga, CEO of Taste Holdings (Supplied)

Cape Town - Despite recording a R10m loss - translating into a 6.1c headline loss per share - during the interim period to August 2016, SA based management group Taste Holdings has experienced significant gains in its licensed brand strategy, it announced on Wednesday.

Group system-wide sales rose 7.4% to R858m, translating into a 15% core revenue increase to R519m. There was an additional R18m core gross margin compared to the corresponding period, a 10% hike.

Taste owns and licenses a portfolio of franchised and owned, category specialist and formula-driven quick service restaurants, coffee and luxury retail brands housed within its food and luxury goods divisions.

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