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Goals struggles to score as shares react to forecasts
- Article from:
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The Scotsman
- Article date:
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September 2, 2008
- Author:
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Copyright informationCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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GOALS Soccer Centres shares sank close to a two-year low
yesterday despite a strong rise in pre-tax profits and a boost in
the dividend.
The five-a-side football pitch operator said it looked forward
with "confidence and enthusiasm" to the rest of the year, as it
reported a 20 per cent rise in pre-tax profit to GBP 3.7 million on
sales up 18 per cent to GBP 11.4m. Goals also upped its interim
dividend by 25 per cent to 0.625p.
However, shares fell 7.5 per cent to 222p as analysts trimmed
forecasts for the full year on fears of slowing bar sales.
East Kilbride-based Goals added four sites in the six months to
30 June, boosted by the acquisition of Pro5 earlier this year, and
the company ...
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