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The Markets
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Leisure, gaming and gambling

Nightcap jumps on back of revenue increase despite rail strikes

Nightcap PLC (AIM:NGHT), the London cocktails company, drank in an increase in revenue which inched the shares 5% higher to 11p.

Revenue in the 26 weeks to 1 January 2023 grew by 48% to £23.5mln compared to the same period a year earlier.

Adjusted underlying earnings (EBITDA) also grew by 25% to £2mln according to a statement “despite significant rail strikes held across the UK”.

The board estimates that 13 rail strike days cost £1.2mln in EBITDA.

The group reported an increase in pre-tax losses to £900,000 from £500,000.

"We look forward to the second half of the year with confidence and once again we thank our customers for coming to our sites and enjoying themselves with friends in a fun, relaxed party atmosphere and leaving knowing they have had a night to remember,” said chief executive Sarah Willingham.

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