Domestic fastfood chain Everest has revealed plans to invest US$5.3m in creating new outlets in Greece and elsewhere by the end of next year.

The company has posted positive results in its latest financial statements. The 140 restaurant-strong chain posted a 20% increase year-on-year in consolidated profit for the first quarter of its fiscal year [1 July 2001 to 30 June 2002].

For the July to September period meanwhile, consolidated sales leapt by 70% year-on-year.