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BRIEF-Restaurant Group posts H1 adjusted pretax profit of 25.5 mln pounds
August 31, 2017 / 6:23 AM / in 2 months

BRIEF-Restaurant Group posts H1 adjusted pretax profit of 25.5 mln pounds

Aug 31 (Reuters) - RESTAURANT GROUP PLC:

* H1 LIKE-FOR-LIKE SALES DOWN 2.2%

* H1 TOTAL SALES DOWN 1.9% ON A 26 WEEK COMPARABLE BASIS; DOWN 7.1% ON A STATUTORY BASIS

* H1 ADJUSTED PROFIT BEFORE TAX OF £25.5M (2016: £36.6M)

* H1 STATUTORY PROFIT BEFORE TAX OF £2.8M (2016: LOSS OF £22.5M)

* H1 NET BANK DEBT OF £19.3M (2016: £35.6M)

* INTERIM DIVIDEND MAINTAINED AT 6.8P PER SHARE

* “CURRENT TRADING IN LINE WITH OUR EXPECTATIONS”

* “CONTINUE TO EXPECT TO DELIVER AN ADJUSTED PBT OUTCOME FOR FULL-YEAR IN LINE WITH CURRENT MARKET EXPECTATIONS”

* H1 REVENUE 333.1 MILLION STG VERSUS 358.6 MILLION STG

* H1 ADJUSTED EBITDA OF 44.3 MILLION STG VERSUS 59.6 MILLION STG

* H1 ADJUSTED OPERATING PROFIT 26.5 MILLION STG VERSUS 37.5 MILLION STG Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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