Shares jumped more than 5% in early trading as a result.
The Fulham Shore, the owner of Franco Manca and The Real Greek restaurants, posted a double-digit rise in revenue for the full year.
Specifically, revenue increased 17% to £64m in the year to the end of March whilst pre-tax profit hit £1.4m, compared to a loss of £0.1m the previous year. Net debt, meanwhile, went down from £12m to £9.4m.
“Much of the capital invested in the UK restaurant sector over the past five years has not been spent wisely,” chairman David Page said, adding that the firm’s success was due to avoiding high street locations and choosing modern estates such as restored markets instead.
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