Profits up as Prezzo plans more restaurants

Prezzo, the Italian restaurant group, has unveiled a leap in annual profits and the continued expansion of its Mexican chain, Chimichanga.

The group cooked up an 11 per cent rise in profits to £18.3m last year, on sales up by 17 per cent to £144.5m, driven by improving its food, service and restaurants, as well as opening 31 new units. Prezzo plans to open nine more Chimichanga restaurants this year.