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Diversified business group Barkby said it expected to report a maiden profit in the first half of the year, as pent up demand and a UK staycation boom bolstered performance in its pub business.
For the six month period to 31 December 2021, revenue was expected to grow to £11.0 million from £7.8 million, with earnings before interest, taxes, depreciation, amortisaton, or EBITDA, of about £1.5 million, compared with a loss of £1.2 million.
'The performance of the group since the lifting of government restrictions has been hugely positive and we look forward to delivering our first profit as a listed business when we announce our interim results,' the company said.
The company's pub business reported a record 3-month period to 30 September 2021, with like-for-like sales up 22% on the same period in 2019.