Tuesday, December 8, 2009

Carluccio’s reports fall in profits but says consumer confidence is rising

Italian restaurant group Carluccio's today revealed full-year profits had fallen, but said there have been signs of improved consumer confidence in recent weeks.

Adjusted pre-tax profits for the 12 months to 27 September fell to £4.7m from £5.6m last year as costs rose, partly due to a weak exchange rate and higher utility costs. Turnover was up to £69m from £64.1m as expansion continued.

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