Profits Jump at Tenpin Bowling Group

21/03/2018

Ten Entertainment Group, the second largest ten-pin bowling operator in the UK with a total of 42 sites all trading under the Tenpin brand, has posted a rise in annual profit after it added new sites, boosted footfall at existing sites and sold more products per visitor.

Profit after tax jumped 43% to £5.2m, while adjusted profit grew by 18% to £13.0m on the back of 5.5% growth in sales to £71.0m. On a like-for-like basis, sales grew 3.6%.

The company declared a final dividend of 7p per share, adding to a 3p interim payout.Like-for-like sales in the first 11 weeks of the current financial year were up 1.7%.

‘Inevitably there was a trading impact from the unusual disruption caused by the widespread snow in week nine, resulting in a 1.1% impact on the like-for-like performance,’ the company said. Without the bad weather impact, the business would have achieved like-for-like sales year to date of 2.8%, it added.

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