Cooks Coffee, listed on the NZX but operating internationally, encompasses the Esquires and Triple Two coffee chains in the UK, Ireland and the Middle East and is reporting a first time profit despite the challenges of global Covid.
The profit is $0.34 million overcoming a loss of $2.55m in the previous period. This positive result is a combination of the recovery in café sales particularly in the UK and a full year input of the Triple Two coffee chain acquisition plus the benefits of prior restructuring, reduction of costs and a balance sheet restructuring.