Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The Restaurant Group reports "resilient" first-half results for 2009

28 August 2009 by
The Restaurant Group reports "resilient" first-half results for 2009

The Restaurant Group (TRG) has reported a "resilient" first six months of trading to June 2009.

TRG reported a 3% increase in adjusted earnings (before interest, taxes, depreciation and amoritization), to £36.3m, a 4% rise in share earnings to 7.49p and, while revenue increased by 3% to £210m, like-for-like sales fell by 3%.

Adjusted profits for the 358-strong restaurant and pub group, including Frankie and Benny's, Chiquito, Brunning & Price, Blubeckers and Garfunkel's, also rose by 3% to £21.7m.

"These are good results, with sales, profits and earnings per share all increasing. Our strategic market positioning combined with a clear focus on value, margins, service and hospitality has enabled the group to make further profitable progress during 2009," said Andrew Page, chief executive of the Restaurant Group.

The company has also cut net debt by £10m since year end to £69m and said it is confident of another year of progress in 2009.

"In addition to delivering these strong results, our team has also successfully opened 12 new restaurants so far this year and they are all performing well. Although conditions remain tough, going forward we will be looking to maintain our profitable progress," added Page.

Frankie & Benny's owner sees sales slide >>

Midweek dining in decline, but weekend restaurant trade still strong >>

TRG to scale back on new restaurant openings >>By Emma White

E-mail your comments to Emma White here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs
Looking for a new job? Find your next restaurant job here with Caterersearch.com jobs

Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking