A&W Revenue Royalties Income Fund reports Q3 profit up from year ago
BNN Bloomberg
A&W Revenue Royalties Income Fund says it earned $10.6 million in net income in its third quarter up from $9.6 million a year earlier.
The fast food income fund says the increase for the quarter ended Sept. 10 came as royalty income rose to $13.7 million compared with $13.2 million in the same quarter last year.
The fund, which earns royalties on the gross sales of restaurants in a royalty pool, says gross sales reported by A&W restaurants in the pool totalled $456.8 million, up from $440.0 million a year earlier.
The number of restaurants in the pool rose to 1,037 compared with 1,015 in the same quarter last year.
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