23rd Aug 2018 09:24
LONDON (Alliance News) - Shares in Fulham Shore PLC rose Thursday as the restaurant operator said revenue growth for its Franco Manca and Real Greek chains has been "positive".
Shares were 5.7% higher on Thursday at 12.00 pence each.
Revenue growth has been encouraging, Fulham Shore said at its annual general meeting, for the first 21 weeks of its current financial year ending next March 25, with the growth driven by higher transaction numbers in both businesses.
The company said it is final talks to open a number of new locations both in its current and next financial years, as more properties come to the market in light of the difficult UK dining out market.
In July, Fulham shore swung to an annual loss even as revenue rose due to a "very tough" environment.
Related Shares:
FUL.L