Wasabi still packs a punch despite profit slide

Food chain Wasabi saw its pre-tax profit fall from £2.84m to £480,557 in the 16-month period to 31 December 2013, following the sushi outlet’s expansion in London and New York. Turnover almost doubled last year, with sales up by 72 per cent over the same period, owing to the increasing popularity of healthier lunch options and its greater market presence.