A&W Revenue Royalties Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 11, 2022
October 21, 2022 at 02:49 pm
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A&W Revenue Royalties Income Fund reported earnings results for the third quarter and nine months ended September 11, 2022. For the third quarter, the company reported net income was CAD 7.82 million compared to CAD 7.53 million a year ago. Basic earnings per share from continuing operations was CAD 0.486 compared to CAD 0.468 a year ago.
For the nine months, net income was CAD 24.13 million compared to CAD 19.18 million a year ago. Basic earnings per share from continuing operations was CAD 1.5 compared to CAD 1.257 a year ago.
A&W Revenue Royalties Income Fund (the Fund) is a Canada-based company. The Fund is a limited purpose trust established to invest in A&W Trade Marks Inc. (Trade Marks), which through its interest in the A&W Trade Marks Limited Partnership (Partnership), owns the A&W trademarks used in the A&W quick service restaurant business in Canada. In return for licensing, A&W Food Services of Canada Inc. (A&W Food Services) to use its trademarks, Trade Marks receives royalties equal to 3% of the sales of A&W restaurants in the royalty pool. The total number of A&W restaurants in the royalty pool is 1,047. The Fund's capital management objectives are to have sufficient cash and cash equivalents to pay distributions to its unitholders, after satisfaction of its debt service and income tax obligations; provisions for general and administrative expenses; retention of reasonable working capital reserves, and amounts that may be paid by the Fund in connection with any cash redemptions of units.
A&W REVENUE ROYALTIES INCOME FUND 
