UK: Full-year growth continues at Shepherd Neame

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Shepherd Neame has posted its 31st consecutive year of profit growth.

The UK regional brewer and pub group said yesterday (4 October) that pre-tax profit for the 12 months to 30 June rose by 13.9% year-on-year to GBP11.2m (US$21m). The healthy climb came on the back of a 4.4% lift in turnover, which came in at GBP95.3m.

While like-for-like sales from the company's managed pubs estate crept up by 4.9% in the period, the tenanted pubs division performed more impressively, posting a 12.4% increase in sales.

"I am very pleased that company has achieved its 31st consecutive year of growth," said company chairman Miles Templeman. "This has been a good performance with strong results in all parts of the business against last year and against expectations. I have thoroughly enjoyed my first year as chairman and have been impressed by the quality and strength of the business in what is a challenging and changing market."

Shepherd Neame operates 375 pubs in the south-east of England, of which 326 are tenanted and 49 managed. The company also brews a range of ales, as well as lager brands Holsten Export, Kingfisher and Asahi Super Dry.

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