Steakhouse chain The Keg Royalties Income Fund said gross sales by the 102 restaurants in its royalty pool rose by $6.1 million to $118.5 million in the second quarter. The Keg and Keg Restaurants Ltd. said Monday that the figures, which amounted to a 5.4 per cent increase over the comparable 2011 period, included a 1.8 per cent hike in consolidated samestore sales in Canada and the United States. Royalty income increased to $4.74 million from $4.59 million. "We are extremely pleased with the financial results for the second quarter," David Aisenstat, president and CEO of Keg Restaurants Ltd. "With continued growth in both gross sales and same store sales, The Keg continues to demonstrate its leadership in the restaurant business in Canada."
