Tasty plc has announced its half year results for the 27 weeks ended on 3 July 2016, with sales showing an increase of 28% on the corresponding period to £21.8m (£17m:2015).
Adjusted operating profit, before pre-opening costs, non-trade items and interest, was £1.9m (£1.68m:2015), a 14% increase on the corresponding period and adjusted pre-tax profit for the period increased by 17.5% to £1.6m (£1.37m:2015).
The group has successfully implemented its programme of operational improvements during the period which has included changes to the central kitchen infrastructure and upgrades to a number of key systems.
Four sites have been opened in the period, with a further three sites opened since the period end. The firm is currently undertaking construction on three sites and expects to start construction on at least a further four sites during Q4 of 2016. It now expects to open fifteen restaurants in 2017.
Tasty continues to expand its operations through new openings. Actions are regularly taken to improve profitability at all sites, increasing sales through updated menus and improving food and labour margins.
The business currently trades from 55 restaurants which consists of seven Dim t and 48 Wildwoods and Wildwood Kitchens. The group continues to evaluate new sites for further acquisitions.