LONDON -- The Restaurant Group
Total revenue is up a record 7.5%, to 252 million pounds, operating profit has risen 8% to 27.3 million pounds, pre-tax profit is up 7% to 26.1 million pounds, with a 10.3% increase in earnings per share. Eight new sites were opened in the first six months of 2012, a further five so far this half, with a total of 25-30 new sites targeted for 2012 overall.
Andrew Page, chief executive of The Restaurant Group, commented:
Trading continues to be good with the year to date like-for-like sales 3.25% ahead of last year. We have a fantastic team at TRG which has worked very hard to deliver this performance and they will all be looking to build further on this during the second half.
The Restaurant Group is now up over 11% on the year-to-date, and 14% on this time last year, rewarding recent investors, but is still down almost 14% on its pre-credit-crunch high of 2007, which must be a disappointment for longer-term shareholders. But at least things are now moving in the right direction.
If you're keen to earn great returns on your investments, this free Motley Fool report -- "10 Steps To Making A Million In The Market" -- could help you on your way. The report highlights how choppy markets can still provide the big winners to take you to that magic million.
You can download "10 Steps To Making A Million In The Market" for free right now. But hurry, the report is available for a limited time only.
Investing is by no means easy in today's uncertain economy. That's why we've published "Top Sectors Of 2012" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.
Further Motley Fool investment opportunities
Jon doesn't own shares in The Restaurant Group. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.