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Luminar Group Hlgs (LMR)

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Thursday 23 September, 2010

Luminar Group Hlgs

Trading Update

RNS Number : 1689T
Luminar Group Holdings PLC
23 September 2010
 



Luminar Group Holdings plc

 

Trading Update for the half year to 26 August 2010

Luminar Group Holdings plc ("Luminar" or "the Group") will announce its interim results to 26 August 2010 on 21 October 2010.

Trading for the 26 weeks to 26 August 2010 has, as anticipated, remained challenging throughout the period but has been in line with the Board's expectations.  Same outlet sales across 76 clubs for the period were down 20.2%.  Within this, admission revenue fell by 26.5% on footfall down by 19.1%. Admission spend per head of £3.19 was below prior year (H1 2009: £3.52) and drinks spend per head was slightly ahead at £8.39 (H1 2009: £8.30).  Gross margin for the period is in line with prior year.

During the period, the Group has disposed of 4 properties which generated a cash inflow of £3.7m.

Luminar had a net operating cash inflow during the period and allied with the property sales outlined above, continues to trade within the terms of its banking facilities.

23 September 2010

 

Enquiries:






Luminar Group Holdings plc


01908 544100

Simon Douglas, Chief Executive



Philip Bowcock, Finance Director






College Hill


020 7457 2020

Matthew Smallwood



Jamie Ramsay



 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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