Brief: Ten Entertainment Posts HY Group Adjusted Loss Before Tax of 10.7 Mln Stg

Ten Entertainment

22/09/2021 07:46

Sept 22 (Reuters) - Ten Entertainment Group Plc  TEG.L :
    * TEN ENTERTAINMENT  - HALF YEAR RESULTS
    * H1 SALES FELL 52.8 PERCENT TO 10.6 MILLION STG
    * +22.5% LIKE-FOR-LIKE SALES GROWTH 1  IN SIX WEEKS FROM 17
MAY
    * EXCEPTIONAL SUMMER TRADING PUTS FULL YEAR OUTLOOK AHEAD OF
PREVIOUS MANAGEMENT EXPECTATIONS
    * STRONG DEMAND EXPECTED TO CONTINUE, BUT LIKELY TO MODERATE
TO
HIGH SINGLE DIGIT IN 2021 AS STAYCATION BUBBLE SUBSIDES
    * HY GROUP ADJUSTED LOSS BEFORE TAX1 £10.7M VERSUS LOSS OF
£6.2M
    * TARGETING DOUBLE-DIGIT SALES GROWTH IN 2022 COMPARED TO
2019
BASELINE
    * FOUR NEW CENTRES PLANNED FOR 2022, WITH PIPELINE
DEVELOPING WELL

Source text for Eikon:  ID:nRSV5263Ma 
Further company coverage:  TEG.L 

 ((Reuters.Briefs@thomsonreuters.com;))