Listed company K.L.E Group has reversed the huge losses it suffered in 2020.
Its 2021 financial results published on Friday show a $13.8 million profit versus a $104 million loss in the prior year.
Last month K.L.E announced a restructuring to shift focus from its restaurant business to other earning streams to include development.
It will transfer its restaurant operations to operate under T&R Restaurant Systems Limited, which trades as Franjam.
FranJam is an associated company, in which KLE owns a 49 per cent stake.
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