StockMarketWire.com - Ten-pin bowling alley operator Hollywood Bowl booked a 15% rise in annual profit driven by higher game volumes and increased customer spending on food and drinks.

Pre-tax profit for the year through September rose to £27.6m, up from £23.9m on-year.

Revenue rose 7.8% to £129.9m and was up 5.5% on a like-for-like basis.

Hollywood Bowl declared a final dividend of 5.16p per share plus a special dividend of 4.50p, bringing total dividend payments for the year to 11.93p, up 13% on-year.

The company said it had six more bowling centres in the development pipeline from the 2021 to 2023 financial years.

A centre in York and three mini-golf trial centres in Leeds, York and Rochdale were due to open in the current financial year.

'I am delighted to report another year of strong profitable and cash generative growth, demonstrating the consistent delivery of our proven, customer-led strategy,' chief executive Stephen Burns said.

'We have made a solid start to the new financial year and we expect to make further progress in our ongoing refurbishment programme, investment in technology and continued roll out of customer innovations.'

'I am confident that we will continue to deliver value for all of our stakeholders.'

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