Maiden loss for new Mad Butcher owner a one-off

Veritas Investments, the listed company which took The Mad Butcher public earlier this year, has reported a maiden loss of $847,341 thanks to a one-off adjustment, The company says that earnings were in line with its prospectus forecast. Cjairman Mark Darrow said that The Mad Butcher retains a 'strong and unique' position in the market and that further complementary acquisitions were possible. It is understood that plans to franchise Yogg, the frozen yoghurt brand launched last year, have been put on hold.