Eastern Europeans are developing a taste for upmarket coffee judging by the results of British-owned coffee chain Coffeeheaven.The AIM-listed coffee bar group, which has 59 sites in central Europe, reported half-year pre-tax profits of £140,000 for the six months to 30 September 2006. This compares with a loss of £366,000 in the same period last year.Like-for-like sales increased 28% in the period as turnover rose 61% to £4.41m. Revenues for the year are expected to be close to £9.8m.Currently Coffeeheaven has 39 sites in Poland where a 28% growth increase was reported. It is hoping to exceed its target of 40 stores by the end of the year.Sales increased by 41% in the Czech Republic where it has nine sites. In Latvia, where the group has eight stores, sales increased 19%. It also has two sites in Bulgaria and one in Slovakia.Richard Worthington, executive chairman, said: “These results demonstrate the strong appeal of Coffeeheaven with consumers and that the group’s development strategy is capitalising on the growing economies of central Europe.”With a presence in five central European markets and sector leadership in the largest, Coffeeheaven is now firmly established as one of Central Europe’s leading brand coffee bar chains.”The group expects to have 63 outlets trading, all in areas of high retail penetration, by the end of its financial year on 31 March 2007. The company is looking to expand into Ukraine, Romania, Estonia and Hungary.
IndianaLocalNewsSouth Bend Market Google+ Twitter Facebook Twitter By Carl Stutsman – July 14, 2020 0 311 New traffic lights going up around St. Joseph County WhatsApp Pinterest Pinterest Google+ Facebook Previous articleFirst execution in 17 years conducted in Terre HauteNext articleBest.Week.Ever. canceled due to COVID-19 concerns Carl Stutsman WhatsApp (Jon Zimney/95.3 MNC) Don’t be surprised if you see some traffic light changes around St. Joseph County. INDOT is adding new lights to some busy intersections, especially along State Road 23. A total of 37 traffic lights around the county will be changed and many of them will include a new blinking yellow arrow.A spokesperson for INDOT tells WSBT that they plan to get 10 done this week alone. The blinking yellow arrow allows left turns without a protected green and has proven to make intersections much safer. In fact, INDOT says there’s a 25% severe crash reduction at intersections with the yellow turn lights; on top of decreasing traffic congestion.It’s unknown how long it will take to get all of lights changed out. read more