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Nando's moves from loss to £14.7m pre-tax profit

29 October 2012
Nando's moves from loss to £14.7m pre-tax profit

Casual dining chain Nando's has made a £14.7m pre-tax profit on revenues of £419.6m in the UK for the year to 26 February 2012.

The company's performance marks a strong turnaround from the previous year, when it made a £7.1m loss.

Nando's said it had made "significant and exciting progress" during the period. During the previous year it acquired a 70% holding in GBK Restaurants (formerly the Clapham House Group).

The number of restauants the firm operates increased from 295 at 27 February 2011 to 313 at 26 February 2012.

By Neil Gerrard

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