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Savor cuts half-year loss, doubles underlying earnings

‘It’s probably the tightest we’ve ever had to run something in the 13-odd-years I have been doing it,’ CEO Lucien Law says.

Key points
  • Revenue: Up 40% to $29.1m
  • Loss: $421,000, compared to a $2.1m loss a year earlier. 
  • Main takeaway: Savor has a strong forward order book heading into the busy summer months. 

NZX-listed hospitality company Savor Group has trimmed its half year loss as it closes in on breaking even.

The company, which operates 20 bars and restaurants across Auckland including Azabu, Amano and Bivacco, has reported a net loss of $421,000 versus a loss of $2.1m in the prior year.

Savor’s

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Key points
  • Revenue: Up 40% to $29.1m
  • Loss: $421,000, compared to a $2.1m loss a year earlier. 
  • Main takeaway: Savor has a strong forward order book heading into the busy summer months. 
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Savor cuts half-year loss, doubles underlying earnings
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