Finger licking results for Collins Foods
Food service retailer Collins Foods (ASX: CKF) released its first half results on Wednesday, with the company reporting strong growth in profit. First half profit rose by 33.6% to $14.3 million, bouncing back from a $22.9 million interim loss last year. Collins Foods operates 175 KFC fast-food restaurants around Australia and owns 23 Sizzler restaurants. CKF shares closed up 23.2% for the week. We own CKF in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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