S.Africa’s Grand Parade posts FY profit on Dunkin’ closure

Grand Parade Investments (GPI) on Friday posted a full-year profit as closure of its loss-making Dunkin’ Donuts unit lifted the…

Grand Parade Investments (GPI) on Friday posted a full-year profit as closure of its loss-making Dunkin’ Donuts unit lifted the South African investment company’s earnings. GPI, which runs the Burger King chain of fast-food restaurants in South Africa and operates casinos, had reported a loss last year after its struggling units – Dunkin’ Donuts and ice-cream business Baskin-Robbins – dented the company’s earnings.

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