UK: S&N profits above expectations but no news on pubs

By Chris Brook-Carter | 2 July 2002

S&N profits above expectations but no news on pubs Scottish and Newcastle, which claims to be Europe's most profitable brewer announced a 3.5% rise in full year profits today of £442.3m (US$677.1m), up from £428m a year before and compared to forecasts of £431-445m.   But despite being at the top of analysts' expectations, its shares dipped due to the disappointment it made no mention of a pubs sell-off.

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S&N profits above expectations but no news on pubs Scottish and Newcastle, which claims to be Europe's most profitable brewer announced a 3.5% rise in full year profits today of £442.3m (US$677.1m), up from £428m a year before and compared to forecasts of £431-445m.   But despite being at the top of analysts' expectations, its shares dipped due to the disappointment it made no mention of a pubs sell-off.

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