Bank Restaurant Group announces 21 per cent increase

By BigHospitality Writer

- Last updated on GMT

Bank Restaurant Group has announced a 21 per cent increase in profits for the six months ended April 30. Bank, which bought the Zinc Bar and Grill chain for £1.5m in December 2005, saw profit before interest, taxation, depreciation and ...

Bank Restaurant Group has announced a 21 per cent increase in profits for the six months ended April 30.

Bank, which bought the Zinc Bar and Grill chain for £1.5m in December 2005, saw profit before interest, taxation, depreciation and amortisation of goodwill rise from £509,000 in 2005 to £617,000 this year.

Executive Chairman Robert Breare said, "This was a period of active preparation to grow the Group and the expansion and restyling of the Zinc portfolio, starting in the Autumn, will initially lead the way. The Board continues to progress its plan to carry out an acquisition of scale within the foreseeable future."

Within that period a new Zinc is due to open in Manchester's Trafford Centre with Zinc in Heddon Street, London W1 to be relaunched soon after.

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