Fuller, Smith & Turner has posted its figures for the six months to 1 October.

The London-based regional brewer and pub operator said today (25 November) that turnover for the period was up by 4% on the year to GBP67.4m (US$115.7m). Pre-tax profit, however, dipped 1% to GBP8.4m.

The company lauded a good performance from its managed pubs division, with profits up 10% and like for like sales up 4.4%. Profits at its tenanted inns were also up, by 9%, while the beer company saw profits increase by 6%.

The interim dividend per share rose by 5% to 5.63 pence.

Anthony Fuller, chairman of Fuller's, said: "All areas of the business are performing well. Our focus on providing a premium retail experience is proving successful and delivering excellent sales and bottom line growth across our managed and tenanted pub estates and hotels. (Beer brand) London Pride continues to grow market share and achieve new listings while our other key brands are showing good growth.
Looking at the company's acquisition of Gale's brewery earlier this month, Fuller added: "We look forward to welcoming Gales' 111 high quality pubs into the Fuller's Group and enhancing our ale portfolio with their well respected brands. The next step will be to conduct a strategic review of the business and to commence the process of integration in order to achieve the expected synergies.

"These will clearly be areas of focus for us over the next few months and we will report in more detail on the longer term prospects and exciting opportunities for the combined business once the review has been completed. The acquisition of Gales will give us benefits of scale that will help us continue to deliver improved value to our shareholders."