USA: Benihana reports Q4 increase in net income
Miami-based Benihana Inc, operator of one of the largest chains of Asian restaurants in the US, has posted improved net income for the Q4 ended 31 March 2002, up 27.2% year on year to US$3.7m. Earnings per diluted share amounted to US$0.46 in the Q4 2002, based on 8 million shares and equivalents outstanding, which includes the public sale in December 2001 of 1 million Class A Common shares, and US$0.45 per diluted share on 6.4 million shares and equivalents in the year-earlier Q4. Q4 revenues amounted to US$42.9m, compared with US$42.2m in the corresponding year-earlier period, an increase of 1.6%. The Q4 a year ago included an additional week, which represented restaurant sales of US$3.2m.
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