Gourmet Holdings this morning reported a full-year operating profit of £1.1m, up 90% on the year. Turnover for the 52 weeks to 26 June increased by 29% to £9.7m, reflecting the addition of the Bel and the Dragon business to the group’s Richoux business. Gareth Lloyd-Jones, the group’s chief executive, said: "We have achieved a lot in the last year and I am delighted to be announcing the group's first full year profit. "Having taken the time to get the growth strategy and operation right this year we intend to increase the rate at which we open new restaurants." The company said that it would focus its expansion on the Bel and the Dragon business. The group said: "We believe that the quality pub-restaurant sector is a rapidly growing market within the restaurant and hospitality industry and has excellent long-term prospects." The group said that, since the year-end it had seen "some softening" in its Central London restaurants, which it felt would be short lived. The other restaurants have traded in line with expectations.