(Reuters) -Mexican fast-food chain Guzman Y Gomez (GYG) reported a better-than-expected annual net profit and declared its first-ever dividend on Friday, driven by solid sales of its popular breakfast menu across key markets, particularly in Australia.
The Australia-based company’s annual net profit after tax more than doubled to A$14.5 million ($9.31 million), compared with A$5.7 million last year, and above the Visible Alpha consensus estimate of A$13.5 million.
GYG announced a payout of 12.6 Australian cents per share.
The Australia segment, which also includes Singapore and Japan operations, contributed about A$1.17 billion, or nearly 99% of the total network sales for the year.
($1 = 1.5569 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona and Sherry Jacob-Phillips)
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