Greene King profits up
Published Date:
03 July 2008
Despite difficult trading conditions, Greene King has announced its annual profits are up two per cent.
The Bury St Edmunds firm today revealed its results for the year up to May 4.
Revenue was up five per cent to £960.5m, profit before tax up to £142m, and earnings per share up 14 per cent.
Chief executive Rooney Anand, said: "We are a year into the English smoking ban and consumer confidence it as its lowest for 18 years. We have faced major cost increases across a wide range of categories.
"Looking forward, pubs will have to fight even harder to protect their share of discretionary spending, and on-trade beer sales will be under considerable pressure.
"But there are a number of sales categories that continue to grow, including eating out, premium drinks and accommodation and newer consumer groups continue to be attracted to our outlets.
"We are well placed to face the challenges."
The full article contains 159 words and appears in n/a newspaper.
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Last Updated:
03 July 2008 10:42 AM
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Source:
n/a
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Location:
Bury St Edmunds
