Tasty Regulatory News (TAST)

Tasty plc

("Tasty" or the "Group")

Interim Results (unaudited) for the 26 weeks ended 28 June 2015

Highlights:

· Revenue up 24% to £17,050,000 (H1 2014 - £13,794,000)

· Operating profit, before pre-opening costs, share based payments and interest, up 39% to £1,684,000 (H1 2014 - £1,210,000)

· Pre-tax profit up 36% to £1,327,000 (H1 2014 - £973,000)

· Six new sites opened in the period and one site opened since the period end

Chairman's Statement

I am pleased to report on the Group's half year results for the 26 weeks ended on 28 June 2015, prepared in accordance with International Financial Reporting Standards as adopted by the EU ("IFRS").

Results

Turnover for the period was £17,050,000 (2014 - £13,794,000), a 24% increase over the corresponding period and operating profit, before pre-opening costs, share based payments and interest, was £1,684,000 (2014 - £1,210,000), a 39% increase over last year.

Pre-tax profit was £1,327,000 (2014 - £973,000) a 36% increase over the corresponding period. Basic and diluted earnings per share for the period were 1.98p and 1.94p (2014 - 1.40p and 1.38p) a 41% and a 40% increase respectively over last year.

Cash flows and financing

During the period capital expenditure of £4,335,000 (2014 - £1,962,000) was incurred. 6 sites have been opened in the period, with a further site opened since the period end. The Group is currently undertaking construction on 4 sites which are expected to open in Q4 of 2015.

Overall, the net cash outflow for the period was £731,000 (2014 - £474,000). As at 28 June 2015, the Group had net borrowings of £1,737,000 (2014 - net cash £1,933,000). The Group has an available banking facility of £8,000,000.

Outlook

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.

The new sites, as reported above, will bring the total number of restaurants operated by the Group to 46, which will consist of 6 Dim t and 40 Wildwood and Wildwood Kitchens. The Group continues to look at new sites, has the resources for further acquisitions and expects to have opened a further 4 restaurants by the year end.

K Lassman

Chairman

Tasty plc

8 September 2015

Consolidated statement of comprehensive incomefor the 26 weeks ended 28 June 2015 (unaudited)

Consolidated statement of changes in equityfor the 26 weeks ended 28 June 2015 (unaudited)

Consolidated balance sheetAt 28 June 2015 (unaudited)

Consolidated cash flow statementfor the 26 weeks ended 28 June 2015 (unaudited)

Notes to the condensed financial statementsfor the 26 weeks ended 28 June 2015 (unaudited)

1 General information

Tasty plc ("Tasty") is a public limited company incorporated in the United Kingdom under the Companies Act (registration number 5826464). The Company is domiciled in the United Kingdom and its registered address is 32 Charlotte Street, London, W1T 2NQ. The Company's ordinary shares are traded on the Alternative Investment Market of the London Stock Exchange ("AIM"). Copies of this Interim Report or the Annual Report and Financial Statements may be obtained from the above address or on the investor relations section of the Company's website at www.dimt.co.uk.

2 Basis of accounting

The condensed financial statements have been prepared using accounting policies consistent with International Financial Reporting Standards (IFRS) and International Financial Reporting Interpretations Committee (IFRIC) interpretations as endorsed by the European Union. The same accounting policies, presentation and methods of computation have been followed in the preparation of these results as were applied in the Company's latest annual audited financial statements.

The financial information for the period ended 28 December 2014 does not constitute the full statutory accounts for that period. The Annual Report and Financial Statements for 2014 have been filed with the Registrar of Companies. The Independent Auditors' Report on the Annual Report and Financial Statements for 2014 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The condensed financial statements are presented in sterling and all values are rounded to the nearest thousand pounds (£'000).

Except when otherwise indicated, the consolidated accounts incorporate the financial statements of Tasty plc and its subsidiary, Took Us A Long Time Limited, made up to the relevant period end.

3 Non-trading items

4 Income tax

The income tax charge has been calculated by reference to the estimated effective corporation tax and deferred tax rates of 21.5% (2014 - 23.5%).

5 Earnings per share

The basic earnings per share figures are calculated by dividing the net profit for the period attributable to shareholders by the weighted average number of ordinary shares in issue during the period. The diluted earnings per share figure allows for the dilutive effect of the conversion into ordinary shares of the weighted average number of options outstanding during the period. Options are only taken into account when their effect is to reduce basic earnings per share.

Earnings per share have been calculated using the numbers shown below:

6 Reconciliation of profit before tax to net cash inflow from operating activities