Hollywood Bowl profit drops on coronavirus-led store closures

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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