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Collins Foods share price jumps more than 12%

The Collings Foods Ltd (ASX: CKF) share price has climbed more than 12% to $4.36 in early trading today after posting strong first half results.

Collins Foods operates 175 KFC fast-food restaurants around Australia and owns 23 Sizzler restaurants. The company also has 62 franchised Sizzler restaurants in Asia.

Net profit rose 33.6% to $14.3 million and the company raised its dividend 20% to 6 cents, fully franked.

Here’s the chart that shareholders will be really happy with…

Collins Foods share price

Source: Yahoo Finance

Collins Foods is no Domino’s Pizza Enterprise Ltd (ASX: DMP) with its astronomical growth and offshore exposure just yet, but could still be a tasty bite for some investors.

 

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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