Tasty Share News (TAST)

The tough consumer environment has failed to suppress diners' appetites for affordable meals out, judging by the latest update from branded restaurant operator Tasty.The company, which operates Wildwood pizza restaurants and the DimT oriental-themed chain, moved into profit in 2010 and said trading improved in the first quarter of 2011.A pre-tax loss of £2.08m in the 52 weeks to 27 December 2009 turned in to a profit of £244,000 in the subsequent 53 week period. Revenues rose to £10.56m from £9.19m.Tasty operates six DimTs and eight Wildwoods. The restaurants operate in London and the southeast. Tasty has just exchanged contracts for a new unit in London's Canary Wharf, expected to be opened next month.Last week, Tasty's much bigger peer Prezzo, the Italian restaurant chain, posted a sharp rise in profits and also said trading remains strong.Shares in Tasty jumped more than 5% after today's announcement.RG