Trading Statement
02 Julho 2003 - 4:00AM
UK Regulatory
RNS Number:0421N
Georgica PLC
02 July 2003
Georgica PLC
Sales for the 6 month period ending on 29th June 2003 for Georgica (excluding
the Megabowl joint venture) amounted to #43.3M (2002 #42.5M). Same outlet sales
for the period increased by 1.8%. Self evidently trading has improved materially
since last autumn.
Same outlet sales for the cue sports businesses increased by 1.0% although it
should be noted that at the refurbished new format Riley business, 6 of which
are now open, same outlet sales increased by 17.1%. It is expected that a
further 18 refurbished new format businesses will be opened during the remainder
of 2003.
The Burger King outlets performed better than anticipated; same outlet sales
rose by 5.8%. The leisure businesses performed much better than previously; same
outlet sales declined by only 1.2% (excluding for the whole period businesses
unconditionally contracted for disposal during the period).
Megabowl's sales performance was weak; same outlet sales declined by 5.9%.
Efforts continue by both Georgica and Duke Street Capital to resolve the flawed
joint venture agreement.
It is expected that the results for this period will be announced in September.
End
This information is provided by RNS
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