Nightcap PLC - London-based owner of Cocktail Club, Adventure Bar and Barrio Familia chains - Posts revenue of £23.5 million in the 26 weeks ended on January 1, up from £15.8 million in the 26 weeks ended on December 26, 2021. Adjusted earnings before interest, tax, depreciation and amortisation rises to £2.0 million from £1.6 million. Pretax loss widens to £930,000 from £490,000, as net finance expenses jump to £930,000 from £490,000 in the comparative period. Looking ahead, says trading remains resilient since the start of 2023. Continues to trade in line with market expectations and the outlook is encouraging.
Chief Executive Officer Sarah Willingham says: ‘Nightcap has had a fantastic half year. Our incredible team opened six bars in six weeks across the country, whilst also delivering a Christmas that exceeded expectations and records in terms of corporate parties, pre-sold events and a nearly sold out New Year’s Eve across all 36 sites.’
Current stock price: 11.69 pence each, up 6.3% on Monday afternoon in London
12-month change: down 22%
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