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Carluccio's warns of tough market

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Date: Tuesday 13 May 2008

LONDON (ShareCast) - Italian restaurant chain Carluccio's delivered a 19% rise in interim pre-tax profit as it warned that trading conditions will remain challenging.

The group, which recently opened restaurants in Heathrow T5 and St Pancras International train terminal, said pre-tax profit rose to £2.8m in the six months ended 23 March 2008 from £2.3m the year before. Sales also rose 19%to £30.9m.

Chairman Stephen Gee said, "We are pleased to have made good progress during the period despite the widely publicised pressures on consumer spending. It is likely, however, that trading conditions will remain challenging."

Carluccio's however said it looks forward to the future with confidence.

An interim dividend of 0.7p has been offered, up 17% from last time.

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