UK: Coffee Republic reveals £2.4m loss for 2000, but sales up 68%
It seems the thirst of British consumers for a good cup of coffee cannot be quenched. Nevertheless, independent espresso bar chain Coffee Republic has today revealed a loss of £2.4m for the last financial year to 31 March 2001. Sales however increased by a massive 68% to £21m in Coffee Republic's 82 espresso bars and cafes throughout the UK. In like for like terms, sales increased by 8.4%. Pre-tax losses were also reduced by £0.3m, from £2.7m to £2.4m.
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