DJ Hardman & Co Research on The Fulham Shore (FUL): Resilient first-half trading
Hardman & Co Research Hardman & Co Research on The Fulham Shore (FUL): Resilient first-half trading 03-Jan-2023 / 16:10 GMT/BST
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Hardman & Co Research on The Fulham Shore (FUL):
Resilient first-half trading
Fulham Shore reported robust trading in the first half, with revenues up 26%, to GBP50m. Higher pre-opening costs and the absence of various COVID-19 support measures restricted adjusted EBITDA to GBP6m (1H'22 GBP7m). However, the effect of the cost-of-living crisis and, more immediately, the transport strikes, has hindered current trading. The company is going to lower its expansion plans and focus on cash generation for the coming year. It has a strong balance sheet, with net cash of GBP2.8m at the half-year and a largely unused bank facility of GBP17m.
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End of Announcement - EQS News Service
1526589 03-Jan-2023
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(END) Dow Jones Newswires
January 03, 2023 11:10 ET (16:10 GMT)
