Di Maggio’s Group report profit increase

anchor line

Di Maggio’s Group has reported that pre-tax profit increased to £3.9m, compared with £3.6m the previous year, while turnover was down slightly to £36.5m for the year ending 28 April 2019, compared with £36.8m the previous year.

The company received £872,000 from an insurance claim after one of its restaurants was destroyed in a fire in November 2018. Gross profit margin improved to 71.8% from 70.5% the previous year.

In their report accompanying the accounts, director Mario Gizzi (pictured), said, “The directors are satisfied with the financial performance during the period. At the period end shareholders’ funds totalled £16.4m, compared with £13.9m the year before. The directors continue to look for suitable restaurant sites to expand the group’s business.”

Pictured is The Di Maggio Restaurant Group’s Anchor Line in Glasgow.

 

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