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Dishoom profits drop despite revenue boost

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Dishoom profits drop despite revenue boost

Restaurant group Dishoom has posted a drop in earnings and profits for the year ending 31 December 2017 despite an uptick in revenue.

The widely heralded company placed revenues at £35.6m – a growth of 28.3% up from £27.8m the previous period.

However, adjusted EBITDA fell from £2.98m to £2.25m, which the report branded a “satisfactory performance” in the eyes of directors.

The drop was more pronounced in profits before tax, which slid down from £1.75m to £0.87m.

However the company is confident they have “adequate cash reserves” to meet future commitments. The group, which has slowly expanded across London, is due to open its first venue in Manchester later this year.

It will be the brand’s second site outside of the capital – the other having been established in Edinburgh in 2016.

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