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Snoozebox sees H1 revenues soar 300%

01 September 2015 by
Snoozebox sees H1 revenues soar 300%

Snoozebox Holdings has reported a 300% increase in revenues to £2.4m (2014: £0.7m) for the six months to 30 June 2015.

The portable accommodation provider said in an interim trading update that gross profit had grown to £1.5m, up from £0.5m in the same period last year.

The company reported a 25% increase in room stock to more than 800 hotel rooms with plans to roll out a further 150 new event hotel rooms for the 2016 season.

"Demand for our unique, high quality offering remains high, both from the UK and overseas. With greater visibility, clear growth prospects and an executable event model, our focus in the second half of the year will be to build on the strong foundations we now have in place, investing in further improving and growing the core business, as well as expanding into new sectors and markets."

Snoozebox predicts profit for 2016 >>Snoozebox secures £15.6m finance package after reporting £1.6m loss >>Snoozebox in temporary hotel deal with Premier Oil >>Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>

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