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Share Price: 0.95

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Tasty Posts Profit Growth On Strong Sales As It Adds Restaurants

Tue, 08th Sep 2015 07:59

LONDON (Alliance News) - Tasty PLC on Tuesday reported growth in profit in the first half of 2015, as revenue rose and it continues with its expansion plans.

The restaurant operator of brands 'dim t' and Wildwood said that pretax profit in the 26 weeks ended June 28 rose 36% to GBP1.3 million from GBP973,000 in the first half of 2014, as revenue rose by almost a quarter to GBP17.1 million from GBP13.8 million.

Tasty said that six new sites were opened in the period, with a further site opened since the period end. It is currently undertaking construction on four sites which are expected to open in the fourth quarter, taking the total number of restaurants to 46.

"The group continues to expand its operations through new openings. Actions are regularly taken to improve profitability at all sites, increasing sales through updated menus and improving food and labour margins," Chairman Keith Lassman said in a statement.

Shares in Tasty were trading up 4.3% at 135.00 pence Tuesday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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