28th Aug 2015 06:16
LONDON (Alliance News) - The Restaurant Group on Friday reported growth in profit in the first half of 2015 as it achieved strong trading in each of its brands and business areas and said that the company is set for continued strong growth for the remainder of the year.
The restaurant operator, which owns chains including Frankie & Benny's, Garfunkel's and Chiquito, said its pretax profit in the 26 weeks ended June 28 rose 10% to GBP36.9 million from GBP33.7 million in the same period the year before, as revenue grew 8% to GBP334 million from GBP308 million.
Like-for-like sales increased 2.5% in the period, as the company said that trading was strong in each of its brands and businesses.
The Restaurant Group will pay an interim dividend of 6.8 pence, an 11.5% rise on the 6.1p it paid the prior year.
"The strengthening UK economy, increasing wages and disposable incomes, combined with the secular trends driving ongoing expansion of the eating out market, give me great confidence that TRG is well set for continued strong growth this year and beyond," Chief Executive Danny Breithaupt said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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