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Restaurant Group Posts 27-week Profit Of About GBP 17.00 Mln - Quick Facts

(RTTNews) - Restaurant Group Plc. (RTN.L), in an interim results for the 27 weeks ending 4 July 2010, reported that its profit was GBP 17.00 million, compared to GBP 17.10 million for 26 weeks ended 28 June 2009. On a per share basis, net income was 8.53 pence, compared to 8.56 pence in the prior year period.

Profit on ordinary activities before tax for the latest period was GBP 24.80 million, while Profit on ordinary activities before tax for 26 weeks ended 28 June 2009 was GBP 20.14 million.

Adjusted earnings for the latest period were 8.5 pence, while adjusted earnings was 7.5 pence for the prior year period.

Total revenue were GBP 229.49 million, compared to GBP 210.15 million in the year ago period.

Andrew Page, Chief Executive, said "These are good results, with double digit growth in earnings, dividends and free cashflow. They reflect TRG's strong market positions, focusing on our customers and standards, and providing a consistent quality of product and service. They also reflect the outstanding commitment of our people. We continue to open new restaurants, which are performing superbly, and this year we will open between 20 and 25."

The company said that its board is declaring an interim dividend of 1.54 pence per share, compared to 1.40 pence paid last year, an increase of 10%. This will be paid on 13 October 2010 to shareholders on the register on 17 September 2010 and the shares will be marked ex-dividend on 15 September 2010.