Restaurant Brands New Zealand Ltd., an owner of KFC, Pizza Hut and Starbucks franchises, rose the most in a month in Wellington trading after it said first-half profit gained 52 percent.
Net income rose to NZ$13.5 million ($10 million) in the six months ended Sept. 13 from NZ$8.9 million a year earlier, the Auckland-based company said in a statement. The stock rose 2.4 percent, the biggest gain since Sept. 21.
Restaurant Brands’ share price has jumped almost 54 percent since Jan. 1, becoming the best performer on the benchmark NZX 50 stock index. The company increased its first-half dividend to 7 cents a share from 4.5 cents and reaffirmed that full-year profit excluding non-trading items will rise to a range of NZ$24 million to NZ$26 million.
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