StockMarketWire.com - The Fulham Shore's first-half profits rose by more than third driven by further restaurant openings boosting customer numbers.

For the six months ended 23 September, profit before taxation increased 35% to £1.5m and revenue grew to £33.0m up 20% from £27.5m.

The company opened 2 new Franco Manca pizzeria during the period and One further Franco Manca opened near Aldwych, London in the post period end.

'Our two restaurant businesses performed well in the first half of the year, driven by a number of factors including: new menu initiatives, including vegan and gluten free options, within both businesses and investment in our digital channels. At the same time, we have remained resolutely focussed on both Franco Manca's and The Real Greek's stand out characteristics: exceptional food provenance and outstanding value for money menu pricing,' said David Page, Chairman of Fulham Shore.

'During the current financial year to date we have seen sales and profit growth, improved operating cash flow, and reduced debt exposure for the Group. These factors, together with our successful new opening so far this year, have led us to consider increasing our opening programme beyond the current financial year.'


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