DowJones News
15 Sep, 2021 06:33

DJ Restaurant Group 1H Pretax Loss Narrowed Significantly

2021 Dow Jones & Company, Inc.

 

By Sabela Ojea

 

Restaurant Group PLC reported on Wednesday a significantly narrowed pretax loss for the first 27 weeks of 2021 amid cuts to costs.

The U.K. restaurant and pub chain posted a pretax loss of 58.8 million pounds ($81.2 million) for the 27 weeks ended July 4 compared with a loss of GBP234.7 million for the same period a year earlier.

Revenue declined to GBP216.8 million from GBP227.2 million, it added.

The London-listed company said that it is well positioned for the future following its restructuring, recapitalization and lower net debt.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

September 15, 2021 02:33 ET (06:33 GMT)


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