The UK pub operator, Burtonwood Brewery, posted pre-tax profits for the year to 29 March 2003 of £5.64m, against £7.68m the year before.

However, the company said that underlying profit before tax before charging for the amortisation of goodwill, impairment of properties and loss on sale of fixed assets, rose by 14.7% to £9.3m. It also said that underlying earnings per share increased by 16.7% to 30.7 pence.

Operating profit rose from £9.38m to £10.07m on sales up from £47.95m to £51.71m.