Group revenues increased by 10% from £26.3m to £29m and operating profit increased by 71% from £0.6m to £0.9m. Like for likes sales revenue increased by 3.4%.
Ringo Francis, chief executive, said: “Our ongoing strategy to substantially grow the business profitably has started to deliver outstanding results. I am pleased to report these numbers and a strong pipeline for the second half of the financial year. The group is on track to achieve its second consecutive year of positive earnings per share.
“We continue to focus our future growth across various sectors and geographies whilst remaining particularly strong in the Hotel, Restaurant, Licence and Catering segment. The strong cash position allows the group to remain acquisitive as well as achieving our projected organic growth.
The first half of financial year 2016 continues to see EBITDA growth exceeding managements’ expectations.