Exit from food ventures gives Grand Parade profit boost
The group has benefited after exit from loss-making franchises such as Dunkin Donuts and Baskin Robbins
20 March 2020 - 09:33
Grand Parade Investments, which recently announced the sale of its SA Burger King licence, said on Friday the exit from its restaurant interests helped it halve debt and improve profits in its half year to end-December.
The group is seeking to reduce a hefty discount to its intrinsic net asset value per share, exiting Baskin Robbins and Dunkin Donuts in February 2019...
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