Collins Foods, the largest franchisee of KFC in Australia, has posted an underlying net profit increase in its half year results.

Collins Foods posted a 17.2 percent increase in underlying net profit to $16.8 million in its half year results, with revenue up 4.7 per cent to $282.5 million.

“Given our focus on operational performance, the KFC businesses have achieved similar margins to prior year even though same store sales growth was marginally down on the prior year,” said Graham Maxwell, CEO, in a report by Inside Retail.

The brand acquired 13 KFC restaurants around the NSW and Victoria border, and in June announced expansion plans in Western Australia and the Northern Territory.