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Hollywood Bowl profit drops on coronavirus-led store closures

By BFN News | 08:25 AM | Monday 01 June, 2020


Hollywood Bowl, ten-pin bowling operator, reported lower first-half profit as the coronavirus outbreak forced the company to shut its stores. For the six-month period ended 31 March 2020, pre-tax profit fell 11.7% to £14.5m on-year, while revenue climbed 3.3% to £69.2m. 'We remain very confident in our business model, and believe that we are well placed to successfully re-open our centres initially in a capacity restricted environment and as we start to emerge more fully from this crisis, to capitalise on the pent up demand for out of home leisure experiences, and return to a growth trajectory,' the company said. At 8:25am: (LON:BOWL) Hollywood Bowl Group Plc share price was +1.25p at 181.75p Story provided by StockMarketWire.com

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