Cake Box Shares (LON:CBOX) opened high on Monday morning after the group recorded revenue rises in the first half of the year.
In the 20 weeks ending September 30th, revenues skyrocketed from £6.6 million to £8.6 million. This has increased by 30%.
The total margin improved to 48.4% in six months.
Despite all stores being closed for six weeks during the six-week lockdown, the group posted an increase in online sales by 51% in the first half thanks to delivery services such as Dervieroo and Uber Eats.
Chief Executive Suh Chamdal said:
“This gives us confidence that our nationwide deployment momentum will return to pre-Covid levels. This has all resulted from monumental efforts from our franchisees who have continued to focus on providing the best service and delicious products to our customers during difficult times.”
“With a strong balance sheet and unique proposal, we are confident in continuing progress in the second half.”
Back in September, Cake Box said it would give the government £156,000 in Farrow’s cash.
The provisional dividend rose 15% to 1.85p.
Cake Box Share (LON: CBOX) is currently +3.50% at 197,69 (0852GMT).
