News blog

Essenden

• BY: Andrew Hore |
• POSTED: 23/01/2013 |

Bowling centres operator Essenden says revenues grew over the Christmas period.

Trading over the five weeks to13 January was 1.4% ahead on a like-for-like basis, while the improvement for 2012 as a whole was 0.7%. All this has fed through to better cash flow and profit. EBITDA was better than the £2m reported for 2011.

Costs are being cut and the Liverpool site closes at the end of February.

At 30.5p a share, Essenden is valued at £780,000. The share price has nearly quadrupled over the past year.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf