Carluccio's Serves Up Profit Rise After IPO

Italian restaurant chain Carluccio's served up a 21 percent rise in adjusted pretax profit recently in the first 6 months since listing on London's junior Alternative Investment Market in December.

Carluccio's which targets prime locations for its Italian pasta and coffee restaurants said it had made an adjusted pretax profit of 2 million pounds in the 26 weeks to March 26 up from 1.6 million a year ago, on turnover of 21.6 million pounds.

Executive Chairman Stephen Gee said the company would continue to look to open more stores in Britain, and trading since March had remained on course to meet the firm's expectations.

 

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