Westlife Development posts Rs 2.06-crore net profit in Q2

Westlife Development, which runs McDonald’s restaurants in the west and south of India, posted a net profit of Rs 2.06 crore for the three months ended September 2017, its second straight quarter of profit in this financial year. In the June quarter, it had reported a net profit of Rs 0.22 crore.

While the revenue growth was 12.8 per cent, at nearly Rs 265 crore for the September quarter, the same-store sales growth (SSG) — a crucial metric tracked by analysts of stores one year and above — was at 8.4 per cent, the company’s ninth consecutive quarter of growth on