Brighton Pier Group PLC - operates Brighton Marine Palace as well as bars and indoor mini-golf sites - Expects to report annual revenue and adjusted earnings before interest, taxes, depreciation, and amortization, for 52-week period ending June 26, will be in line with market expectations.
In financial year to June 27, reports revenue of GBP13.5 million with pretax profit at GBP4.2 million.
Notes it has changed accounting date to calendar year.
"The directors believe that the new accounting reference date will enable more meaningful comparison of the group's financial performance year to year, as it ensures that the typically busy summer trading months are aggregated within a single reporting period, as opposed to being split into two financial periods as they are currently," it explains.
Will publish its results for the 52-week period ended June 2022 by the end of September, with a comparison to the 52-week period ended June 2021. By the end of April 2023, it will report an extended audited set of results for the 78-week period to December 2022, with a comparison to the latest audited accounts for the 52 weeks ended June 2021.
Current stock price: 84.50 pence
12-month change: up 40%
By Paul McGowan; paulmcgowan@alliancenews.com
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Brighton Pier (PIER)