Savor swung to a profit of $700,000 as revenue rose 18 per cent to $62 million in the last fiscal year.
Earnings before interest, taxes, depreciation, and amortisation surged 69 per cent to $8.8 million.
The company said its focus on cost controls improved its net margin to 14.2 per cent.
“Savor is well positioned to continue its path of rationalisation and efficiency gains and we are looking forward to seeing the full-year impact of these changes continue to materialise through the coming months,” said Lucien Law, Savor CEO.
Savor’s portfolio includes Amano, Amano Bakery, Azabu Mission Bay, Azabu Ponsonby, Bang Bang, Bar Non Solo, Bivacco, Ebisu, Lobster & Tap, Market Gallery, MoVida, Non Solo Pizza, Ortolana, The Store, and The Wreck.
