Fairwood loses on Mario sale

PUBLISHED : Friday, 08 August, 1997, 12:00am
UPDATED : Friday, 08 August, 1997, 12:00am

Losses suffered by fast food operator Fairwood Holdings have deepened after it incurred a $42.3 million exceptional loss on the sale of its Mario restaurant chain. Attributable losses for the year to March were $122.8 million, compared with $88.2 million in the previous year. The company's core Fairwood fast-food business reported a profit of $6.3 million, against a loss of $3.3 million a year earlier.