Business
MTY reports results for the second quarter of its 2016 fiscal period
MTY reports results for the second quarter of its 2016 fiscal period MTY reports r...
About this update from Mty Food Group Inc.
[{"type":"text","content":"\n\n\n\nMTY reports results for the second quarter of its 2016 fiscal period\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.83em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen2{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen5{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen6{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.33em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen4{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen7{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prnmr20{\nMARGIN-RIGHT:1.67em\n}\n.prnmr6{\nMARGIN-RIGHT:0.50em\n}\n.prnmr4{\nMARGIN-RIGHT:0.33em\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\nMTY reports results for the second quarter of its 2016 fiscal period\nCanada NewsWire\nMONTREAL, July 7, 2016\n\n\n\nTSX Trading Symbol: \"MTY\"\n\n\n\nMONTREAL, July 7, 2016 /CNW Telbec/ - MTY Food Group Inc. (\"MTY\" or the \"Company\") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, reports today the results of its operations for the second quarter of its 2016 fiscal year.\n\nHighlights of the second quarter of 2016:\n\n\nEBITDA for the franchising segment increased by 1% in spite of the legal and consulting charges related to the acquisition of Kahala Brands Ltd. \nConsolidated EBITDA decreased by 5% mostly due to a weaker performance of the corporate stores segment \nNet income attributable to owners decreased by 2% compar...