Cooks Coffee Eyes Potential Listing in the UK
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.