D&D London, the upscale restaurant group that was recently spun out of Conran Holdings, has reported a 40% increase in full-year profits. It recorded operating profits of £4.2m to March 31 2007, against £3m the previous year. Sales rose 2% to £60.8m. Like-for-like sales for the year were up 9%. D&D, which owns Pont de la Tour and the Skylon at the Royal Festival Hall, said that ebitda rose 23% during the period to £7m, helped by string performances from its Coq d’Argent and Paternoster Chop House venues. The company said that the strong performance had allowed it to repay £5m of the debt taken on to finance its buyout from Conran Holdings, leaving it with outstanding debt of £25m. Des Gunewardena, chief executive, said that trading had continued to be buoyant since in the company’s current financial year. The group, which acquired Image Restaurants earlier this year, said there was no immediate plans for further acquisitions. Entrepreneur and founder Sir Terence Conran still holds about a 51% stake in the business. The Sunday Times 23/9/07 page 2 (Business)