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Oct, 24 2017

Britain Coffee Chain Costa Coffee Raises 6.7 Percent profit

Costa Coffee opened 2000 new premier Inn rooms and opened 21 more Costa stores

One of Britain biggest coffee shop operator Costa coffee have rose 6.7 percent profit as it added more premium Inn rooms and opened more Costa coffee oulets.

In a statement company said” Underlying pretax profit in the six months to Aug. 31 was 328 million pounds ($433 million) while revenue rose 7.4 percent to 1.67 billion pounds. At Premier Inn, UK revenue per available room (RevPAR) rose 1.8 percent to 53.46 million pounds. The business was on track to have 85,000 rooms by 2020 from 70,120 rooms at the end of the half year.”

In Britain, it opened over 2,000 new Premier Inn rooms and added 21 more Costa stores during the first half.

Costa UK revenue rose 8.3 percent to 542 million pounds driven by good response to its breakfast and lunch ranges and addition of 108 net new stores.

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