Fulham Shore not affected by new 10pm curfew, praises Eat Out to Help Out scheme

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Fulham Shore PLC (LON:FUL) said the 10pm curfew imposed by Downing Street on restaurants and bars last week is not expected to have a material effect on its dine-in business.

The owner of the Franco Manca and The Real Greek brands praised the UK government’s Eat Out to Help Out scheme, noting revenues “increased markedly” compared to the same days in the previous year.

The AIM-listed firm is now operating 68 out of its 70 venues and it even opened a new Franco Manca in London in mid-September.

As of September 25, net debt was GBP3mln, with GBP7mln undrawn from the company’s GBP25mln of available banking facilities.

Revenue in the year to March 29 is expected to rise 7% to GBP68mln.

Results had been due this week but were delayed to mid-October.

Shares advanced 7% to 8.48p on Monday in early trading.

–Adds shares–

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