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Tasty

  • BY: Andrew Hore |
  • POSTED: 13/09/2011 |

DimT and Wildwood restaurants operator Tasty reported a sharply increased interim profit.

Revenues grew from £4.83m to £6.84m in the first half of 2011, while pre-tax profit jumped from £13,000 to £444,000. 

There is still £2.72m in the bank after £537,000 of capital spending in the period.

There are six Dim T and nine Wildwood restaurants operating. Up to eight more outlets should be opened in the next six months. All of these will be Italian-themed Wildwood restaurants.

The rate of openings is faster than expected and Westhouse has edged up its earnings per share forecast from 1.45p to 1.51p. Next year’s earnings forecast is increased from 2.75p to 3.01p.

At 46.5p a share, Tasty is valued at £22.2m.

Download the September 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFSeptember2011_24.pdf

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