/ 29 May 2000

ANDO’S REPORTS PROFIT INCREASE

Nando’s has reported a 21,26% rise in headline earnings per share to 8,1 cents for the year ended February 29 from 6,68 cents the year before, reports said. Revenues have increased by 13,46% to R321,5 million from R283,3 million the year before. Operating profit before interest and depreciation increased by 46,65% to R41,3-million from R28,2-million and attributable income increased by 78,15% to R15,48-million from R8,69-million before.