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Tasty trading below expectations

By BFN News | 09:20 AM | Wednesday 09 August, 2017

Tasty (TAST), which operates Dim T and Wildwood restaurants, said its review of its estate, operational structure and cost base is unlikely to result in significant improvements this year. Trading across the estate has been below management's revised expectations. It comes after the group said in its annual statement that, as with other restaurant operators, it expected the trading environment to be challenging. The company expects to report unaudited revenue for the 26 weeks ended 2 July 2017 of approximately £24,375,000, compared with £21,794,000 the year before, and adjusted profit after tax of approximately £200,000, down from £1,283,000. Tasty said it expects to dispose of certain fixed assets during the second half of the financial year to strengthen the cash resources available to the group. It also expects to close certain loss making sites which may lead to impairments but improved operational cash flow. At 9:20am: (LON:TAST) Tasty PLC share price was -8p at 42p Story provided by

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