Golf Industry News - profit margins

A continued improvement across all measures is announced in the half year ended 30 June 2000. The results showed a profit before tax of £1,207,000 (1999 - £1,061,000) on turnover of £4,123,000 (1999 - £3,692,000). Earnings per share were 1.3p (1999 – 1.0p). Neil Coles, Chairman, commented, ‘The Group is entering a new phase of its development. With the completion of the current construction programme and each facility becoming operational we are now looking to extract the maximum from our assets. Our courses are all at different stages of maturity and there is plenty of opportunity to exploit our portfolio further.‘

The Company, which owns and operates flagship golf courses throughout the UK and Europe, has announced its preliminary results for the year ended 31 December 1998