Tasty posts 28% revenue rise

Wildwood operator, Tasty plc has reported that revenue for the year was up 28% on last year to £29.73m (2013 - £23.2m). Operating profit before pre-opening costs and non-trading items was up 34% on last year at £3.1m (2013 - £2.3m ). Pre-opening costs for the period totalled £360k (2013 - £259k).

The overall statutory pre-tax profit was up by some 46% at £2.55m (2013 - £1.7m).

Jonny Plant, Chief Executive said, 'I am pleased to be reporting on the Group's profitable results of £2,052,000 (December 2013 - £1,442,000). The results are for the 52 week period ended 28 December 2014 and a comparative of the 52 week period ended 29 December 2013.'

Seven new Wildwood and Wildwood Kitchen restaurants were opened during the year: Oakham and Salisbury opened in March. Camberley, Nottingham and Ludlow were all opened in August with Bristol and Wantage opening in November and December respectively.

Since the year end a further three sites have been opened and a number of other sites are already in the pipeline, at various stages of completion and negotiation.