British listed Futsal operator sees growth in centres

Goals Soccer Centres plc, the Alternative Investment Market-listed operator of five-a-side Futsal centres across Britain, has announced pre-tax profits up by 72% to £2.1 million for the six months ended 30 June 2006. Sales increased by 35% to £7.5 million (2005: £5.5m) and a statement reported by Soccer Investor said the company is well placed to increase revenues not only from developing its pipeline of new sites but also from its existing portfolio of centres. The company invested £8.1 million in capital expenditure during the period, £7.7 million of which relates to investment in new centres. Since the start of the year the company has added an additional five centres at Sutton, Southampton, Birmingham Central, Plymouth and Bradford and in total have opened 10 new centres since the company listed on AIM in December 2004 bringing the current total operating to 21. A further centre will open at Birmingham West in late 2006.

Comments