New restaurants off the menu at Prezzo - Business - Evening Standard
       

New restaurants off the menu at Prezzo

Pizza restaurant chain Prezzo held back on new openings in the first half of the year but came up with only a modest fall in profits as revenues grew by 5.5%.

Profits fell 1.4% to £5.1 million almost entirely due to the fact that Prezzo's cash in the bank earned less interest. Sales were up from £41.4 million to £43.7 million from the chain's 137 outlets. It said there were few signs of returning consumer confidence.

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