KFC owner's profit slumps but revenue soars

KFC Australia's revenue growth helped prop up the chain's expansion into Europe. (Russell Freeman/AAP PHOTOS)

KFC owner Collins Foods has taken an 88 per cent hit to profits, but record revenues show its European expansion could eventually pay off.

Collins grew its revenue 2.1 per cent to $1.5 billion in the financial year to April 27, impressing investors who have sent CKF shares more than 20 per cent higher in early trade.