29 March 2022 - interim results

The AIM-listed leisure group has released interim results covering the 26 weeks ended 26 December 2021.  Revenue increased to £22.8m (2020: £8.2m) and EBITDA was £7.9m (2020: £1.9m) with gross margins held at 87%.  There was a significant benefit from a reduced rate of VAT and rates relief during the period, which will make comparatives tough for next year.  Profit before tax was £6.6m (2020: £2.7m) and earnings per share broadly doubled to 14.3p (2020: 7.1p).  Net debt was reduced 34% to £8.2m (2020: £12 . . .

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