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Parks drive profits at the Restaurant Group

12 October 2004
Parks drive profits at the Restaurant Group

Leisure parks continue to be the prize performers at the Restaurant Group, which last week (15 September) posted a record interim pre-tax profit of £9.8m, up 40% on last year.

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Frankie & Benny's: pulled in £57.5m, with Chiquito

The division's 92 Frankie & Benny's and 24 Chiquito restaurants pulled in a combined turnover of £57.5m in the six months to 30 June, representing a 26% rise in operating profit to £11.1m.

Hungry travellers also boosted profits with the group's airport concessions seeing like-for-like sales rise almost 8% to £21.1m.

The company's high-street outlets, which include Garfunkel's, Caffé Uno and Est Est Est, fared less well but reaped the benefits of cost cuts and posted a 10% rise in profit.

Overall turnover for the group, which failed in its bid to buy Ask Central earlier this year, jumped from £108m to £118m and like-for-like sales rose by 3.7%.

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