By Michele Maatouk
Date: Thursday 12 Sep 2019
LONDON (ShareCast) - (Sharecast News) - Restaurant owner Comptoir Group reported a narrowing of its first-half losses on Thursday as revenue nudged higher.
In the six months to the end of June, the company's pre-tax loss narrowed to £582,796 from £696,893 in the first half of last year as revenue ticked up 0.2% to £15.8m.
Comptoir, which owns Comptoir Libanais and Yalla Yalla restaurants, said its performance had been "encouraging" despite continuing economic and Brexit uncertainty.
The company said that since re-opening ahead of schedule in May, its redeveloped restaurant in Westfield, Shepherds Bush, has been "exceptionally" well received and is trading "well above" management expectations.
Non-executive chairman Richard Kleiner said the results prove the company's resilience in a "challenging and uncertain market".
"The consistent, differentiated offering from Comptoir sets the business apart from the majority of operators, a number of which continue to struggle and have fallen victim to these difficult times," he said.
"Maintaining an evolving menu with a delicious, healthy and importantly value for money offering has helped ensure growth, whilst at the same time the focus on cost efficiencies has had a positive effect on financial stability including a healthy cash position and robust balance sheet."
At 1010 BST, the shares were down 1.7% at 11.06p.
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Currency | UK Pounds |
Share Price | 5.88p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 7.50 |
52 Week Low | 5.55 |
Volume | 4,088 |
Shares Issued | 122.67m |
Market Cap | £7.21m |
RiskGrade | 250 |
Value |
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No dividends found |
Time | Volume / Share Price |
11:57 | 4,088 @ 5.55p |
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