Owner behind Franco Manca pizzerias reveals 'growing' financial results

London-headquartered Fulham Shore PLC has released its unaudited interim results for the six months to September 29 2019.

The group - which owns and operates several restaurant chains - announced its revenue has increased 9.3 per cent to £36m, compared to 2018’s figure of £33m.

Fulham Shore’s operating profit came in at £2.1m, while profit-after-tax stood at £0.4m. The company’s net debt (excluding lease liabilities) is currently at £8.8m - down from £8.9m in 2018.

David Page, Fulham Shore’s chairman, said: “We are pleased to have delivered good performance during the first half of the current financial year with revenue increasing by 9.3 per cent across the group.

“The performance was driven by seven successful new restaurant openings as well as increased customer numbers in our restaurants. This demonstrates the exceptional quality and value-for-money proposition at both Franco Manca and The Real Greek.

“Looking ahead, the board remains confident that Fulham Shore is well positioned for continued growth and a great future. We look forward to continuing this positive momentum in the period ahead.”

The group has opened six new Franco Manca pizzerias including one in Bishopsgate, as well as one new The Real Greek restaurant, near Tower Bridge.

Fulham Shore has also launched a Franco Manca loyalty scheme and mobile app. Over 55,000 users are now said to be registered.

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