|Master Investor Magazine
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Family entertainment operator Ten Entertainment (LON:TEG) has seen its shares climb by 3.26% to 222p (as of 13:50 GMT) after it reported a 7.5% increase in sales for the year ended 30th December. Reported post-tax profits were up by 57% and the AIM-listed firm’s management said that the current year had started out well.
Chairman Nick Basing commented: “Our simple two-pronged strategy of investing in driving organic growth and developing scale benefits through high returning acquisitions is proving increasingly successful.
“Despite the political and economic uncertainty currently, we are well placed to enjoy the latent consumer demand for our unique brand of experiential leisure across the country.
“We anticipate further good growth and profitable progress this year“.
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