Holiday park operator Parkdean Holidays forecast a "satisfactory" outcome for its financial year today - despite reporting wider half yearly losses.

Parkdean, which has 15 parks in Scotland, South Wales and Cornwall, said the results were in line with expectations after the addition of two Cornish holiday parks in its loss-making winter months.

The Newcastle-based group said advance holiday bookings were 5.2% ahead of last year, with luxury accommodation such as timber lodges already booked up.

Parkdean posted pre-tax losses of £5.6 million for the six months to April 30, compared with losses of £3.8 million last time.

Tuesday June 29, 2004