Wednesday, May 20, 2009
Brazil Fast Food Announces First Quarter 2009 Results
RIO DE JANEIRO--(BUSINESS WIRE)--Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) (“Brazil Fast Food”, or the “the Company”) the second largest fast-food restaurant chain with 671 points of sale, operating under the Bob’s and KFC brands in Brazil, reported today financial results for the first quarter ended on March 31, 2009.
First Quarter 2009 Highlights
System-wide sales reached R$ 168.15 million, up 16.8% from the first quarter of 2008
Total revenue reached R$44.2 million, up 50% from the first quarter of 2008
Operating income totaled R$1.8 million, down from R$2.3 million in the first quarter of 2008
Net income was R$1.1 million, or R$0.14 per diluted share in the first quarter 2009
First Quarter 2009 Highlights
System-wide sales reached R$ 168.15 million, up 16.8% from the first quarter of 2008
Total revenue reached R$44.2 million, up 50% from the first quarter of 2008
Operating income totaled R$1.8 million, down from R$2.3 million in the first quarter of 2008
Net income was R$1.1 million, or R$0.14 per diluted share in the first quarter 2009
Tuesday, May 19, 2009
How will IFRS change your world?Complimentary webcast
The advent of IFRS in the United States will require fundamental changes in practices, policies and systems. An early understanding of the issues and how they will impact your organization will be critical to successfully managing the change.
Join us on Thursday, May 28 as we present John Barnes, partner, Grant Thornton Advisory Services Group, who will provide an insider's view into what IFRS is and how it will impact your accounting, internal controls, tax and technology functions.
This program includes topics such as:
risks and benefits of IFRS conversion;
potential effects on your people and processes;
when you should be thinking about the impact of converting to IFRS (answer: now); and
steps you can and should take today to prepare.
Date: Thursday, May 28Time: 1 - 2 p.m. ET Please register by visiting http://click.e.grantthornton.com/?ju=fe5913727d61007f741d&ls=fdf217707d6d077e741c7776&m=fefc1774716701&l=fed115707362057d&s=fe2416797060007b7c1474&jb=ffcf14&t=
