City Centre Restaurants said it was going to concentrate on leisure parks, in particular through its Frankie and Benny's chain, as it turns its attention away from the High Street.

The company said the Frankie & Benny's pasta and burger diners performed "superbly" last year and would grow by another eight to 10 outlets this year.

The chain, which is popular and cinemas and entertainment complexes, will join the Mexican brand Chiquito's in a new leisure parks division.

City Centre's executive chairman, Alan Jackson, said the business segments of leisure parks and concessions offered better returns on capital, good growth prospects and present barriers to competition.

City Centre cut losses per share after exceptionals by more than 40% for the year to December 31 2001, the company revealed.

The group said that "despite difficult market conditions", which included the wash from the events of September 11, as a whole it had performed well across most of its brands, "demonstrating its resilience".

September 11 hit trade at Garfunkel's with its Central London and tourist bias and, to a lesser extent, Caffe Uno, the group said. By the second half of December the position "had largely stabilised" and although the year ended quite strongly, the late December recovery "was not sufficient to make up for the earlier difficulties."

Chiquito's was benefiting from previous capital investment and showed strong growth in the second half. Garfunkel's, Caffe Uno and Est Est Est "have now been stabilised", the group said, and "Caffe Uno in particular is showing a marked improvement."

Of the 14 Wok Wok units, nine have been sold, and negotiations are continuing on the sale or closure of the rest, the group said. During the year it sold off the Deep Pan Pizza chain, for a loss of £4.8m, and the OK Diners chain.

Turnover for the year was up 4.7% to £227.9m, while adjusted operating profit fell slightly by 0.6% to £19.6m. Adjusted operating margins dropped half a percentage point to 8.6%. Ebitda was down around 1% to £32.9m. Adjusted earnings per share were the same as 2000 at 6.26p, while the basic loss per share was

reduced to 2.57p from a loss of 4.53p in 2000.

Operating cashflow for the year was £31m, down from £32.5m in 2000. Capital expenditure fell by more than half to £15.8m from £32.7m, of which £7.9m was spent on opening 12 new restaurants, less than half 2000's figure of 26.