UK: City Centre posts H1 sales gain but pre-tax loss

City Centre Restaurants has posted an increase in sales for the first half of this year, until 30 June, but still made a loss after an exceptional write-down of £5.3m (US$7.75m) on the value of its Wok Wok brand. The group, which also controls the Caffe Uno and Est Est Est

September 19, 2001

City Centre Restaurants has posted an increase in sales for the first half of this year, until 30 June, but still made a loss after an exceptional write-down of £5.3m (US$7.75m) on the value of its Wok Wok brand.

The group, which also controls the Caffe Uno and Est Est Est brands, revealed that turnover for the six months had reached £109.2m, up nearly 6% on last year’s £103.1m. Pre-tax losses were calculated at £6.3m on profits of £5.1m, leaving losses per share of 3.77p (and earnings of 1.97p).

The interim dividend will be held at 0.75p. Losses per share were 3.77p (earnings of 1.97p)