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Aussie tax ‘own goal’ could be a score for New Zealand
Lachlan Colquhoun
Wed, 27 May 2026
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EARNINGS
Tue 26 May 2026 08:47:48pm
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Tue 26 May 2026 08:47:48pm
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Savor bumps up to profit
Listed hospitality group Savor has traded red ink for black. The Auckland group behind venues such as Amano, Azabu, and Bivacco reported a profit of $1.3 million for the year ended March 31, up from a loss of $1.2m the previous year.
Revenue reduced to $55.2m for the year, down from $56.6m, and operating earnings rose to $8m from $7.3m with a margin of 14.5%.
Savor CEO Lucien Law described FY26 as one of "tremendous progress" for the group in what had been a tough year for the sector. About 65% of the company's earnings are typically generated through the summer months.
The company reported it was not yet in a position to reconfirm its FY27 guidance issued but would provide a further update at the AGM in September. In March Savor forecasted operating earnings of between $9m and $10m for the 2027 fiscal year.
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Tue 26 May 2026 08:42:51pm
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