1st Nov 2021 11:38
Brighton Pier Group PLC - London-based company which operates Brighton Marine Palace, Lightwater Valley Theme Park, eight Eclectic bars and eight indoor mini-golf sites - Says revenue for financial year to June 27 falls to GBP13.5 million from GBP22.6 million a year ago, but the company swings to pretax profit of GBP4.2 million from loss of GBP10.2 million. Adds it has seen strong start to new financial year, with net sales for 13 weeks to September-end of GBP15.9 million. This is more than double a year ago and 44% ahead of pre-pandemic level. "As a result of the strong summer trading performance, benefits from VAT and rates relief and the impact of the acquisition of Lightwater Valley, the board expects this financial year to be an exceptional opportunity for the group," it says.
Current stock price: 73.65 pence, up 12%
Year-to-date change: more than doubled from 31p on December 31
By Evelina Grecenko; [email protected]
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