Markets cold on Fulham Shore

Shares in AIM-listed restaurant operator Fulham Shore (LON:FUL) dropped 6% to 9.40p (as of 14:15 GMT) after revenues for the six months ended 27th September fell by 44.9%. The company booked a post-tax loss of £3.9 million for the period as restaurants across the UK were closed for much of the period.

Chairman David Page commented: “We are pleased to have delivered a creditable performance during the first half of the current financial year despite all Franco Manca and The Real Greek restaurants being closed to dine-in customers for more than half the period. The Group generated positive Headline EBITDA during the second quarter (July to September) reflecting the popularity of our businesses and their great value proposition.

“[…] Despite the near-term uncertainty, the Board remains confident in the long-term strength of the Group and believes it is well positioned to both deliver strategic growth and capitalise on opportunities as a sense of normality resumes.”