Prominent mid-market restaurant chain, Prezzo, has reported a 12% rise in half-year profits. The company, which currently owns 222 properties, has generated £8.5m in profit during the 26 weeks from the new year until 30th June. This marks a 17% increase in revenue to £79.7m. Shares in the company have also seen a significant increase of 87% so far this year.
Prezzo – which also owns Mexican restaurant chain, Chimichanga – aims to open a further 30 restaurants across both brands by the end of this financial year.