Ten Entertainment scores well with H1 news

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Ten Entertainment scores well with H1 news
Master Investor Magazine

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Shares in AIM-listed bowling lane operator Ten Entertainment (LON:TEG) climbed 2.57% to 237.96p (as of 13:15 BST) after its sales for the first half of 2019 grew by 9.6%. Two acquisitions during the period have brought the firm’s total number of sites up to 45 and these new sites are expected to be profitable during the current year.

CEO Duncan Garrod said: “The business has shown strong growth in the first half driven by the continuous improvement of the quality of the customer proposition and accelerated investment in digital marketing.

“Our expansion plans are on track with the acquisition of two sites in H1 and we are very focused on acquiring further sites in H2. We look forward to delivering another year of profitable progress“.

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