Profits rise at Clapham House Group

19th July 2010, 9:28am

The Clapham House Group, owner and operator of Gourmet Burger Kitchen and The Real Greek, has announced its latest preliminary results for the year ended 28 March 2010.

Revenue has increased by 4.2% to £44.5m and profit before tax has soared by a massive 50% to £1.5m, up from £1.0m in 2009.

The company has also opened two new GBK restaurants in the UK and five new international franchised ventures in the past year. In addition, the group said it is building one new GBK eatery and plans to launch a further two.

David Page, executive chairman, The Clapham House Group PLC, commented: "Whilst we saw generally improving trading trends in April and May, the World Cup, as expected, had a negative impact on sales in June. 

"For the remainder of the financial year we expect trading conditions in the UK to remain challenging. Following the placing of shares in May, we will press on with the selective expansion of GBK into high quality locations."

Related Articles:

• 17 Sep 2010 - Restaurant chain Nando's pays £30m for Gourmet Burger Kitchen business
• 30 Jul 2010 - Gourmet Burger Kitchen could be taken over by Nando's, say analysts
• 26 Mar 2010 - The Clapham House Group delivers 'robust performance'
• 18 Feb 2009 - Clapham House joins carbon management scheme
• 10 Dec 2008 - Clapham House posts tasty profits
• 17 Jul 2008 - Clapham House to sell Bombay Bicycle Club group

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