16th Jan 2015 08:08
LONDON (Alliance News) - Goals Soccer Centres PLC on Friday said its full year trading was in line with market expectations, though it said its gross margin came under pressure from higher sales growth in its ancillary operations.
The company, which operates 5-a-side football centres in the UK and the US, said sales rose 3% over the year to December 31 to GBP34.5 million, up from GBP33.8 million last year.
The group operating profit margin was maintained and was in line with expectations, though its gross margin weakened modestly due to higher sales growth in ancillary products rather than its core football business.
Goals Soccer Centres bought a new site in Newcastle over the year, which is trading in line with expectations, and is currently carrying out construction work on sites in Manchester and Doncaster. Those sites are due to open in February and April, respectively.
Its first US centre in Los Angeles is trading well, it said, backing its plans to roll out further centres in California. It expects to open a new centre in the US in 2015.
Goals Soccer Centres shares were untraded at the open on Friday, having last traded at 223.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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