Fulham Shore results not to investors’ taste

AIM-listed restaurant operator Fulham Shore (LON:FUL) has seen its share price drop by 3.11% to 10.90p (as of 16:00 GMT) despite revenues growing by 9.3%. Profits before tax fell as the company continued to open new branches and changed accounting procedures.

Chairman David Page commented: “We are pleased to have delivered good performance during the first half of the current financial year with revenue increasing by 9.3% across the Group. The performance was driven by seven successful new restaurant openings as well as increased customer numbers in our restaurants. This demonstrates the exceptional quality and value-for-money proposition at both Franco Manca and The Real Greek.

Looking ahead, the Board remains confident that Fulham Shore is well positioned for continued growth and a great future. We look forward to continuing this positive momentum in the period ahead“.