Richoux expects half-year profit

23 July, 2012

The Richoux restaurant group has said it is on track for profits of £400,000 in for the first half of the year. It runs 12 all-day cafe-restaurants including its flagship Richoux brand sites in Knightsbridge, Mayfair, Piccadilly and St John’s Wood.

Richoux told the stock market that it expected to hit the target for the 28 weeks to 8 July. The figure includes £130,000 proceeds from the sale of sites including a freehold central kitchen. It said it had cash reserves of around £1.5m.

The group has previously tried to push into casual dining with Zippers and Frankie’s Easy Diner brands.