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Carluccio's posts strong half year results
Italian restaurant chain Carluccio's has reported an 8 per cent increase in pre-tax profits for the 26 weeks to 28 March 2010, compared with the same period last year.
In its half-year results, the company reported an 8 per cent increase in turnover and confirmed that it had resolved a dispute over a rental agreement with the owner of its Dawson Street outlet in Dublin, Ireland. Carluccio's, which opened three new eateries during the period, has extended its estate to 45 UK outlets and a further four under franchise. A new restaurant is due to open in Milton Keynes in July.
The group has also revealed that it has opened two new outlets under franchise in Dubai, taking its Middle East franchise portfolio to three properties. A fourth site is scheduled in Qatar by the end of the year. Carluccio's chair Stephen Gee said: "We serve in excess of 140,000 customers every week in our restaurants and food shops all of whom come to enjoy our excellent quality, authentic Italian food.
"This level of customer loyalty combined with our positive cash position augurs well for the future and together with the inherent strength of our business model, should ensure that we report further progress in the second half of the year."
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