News

UK: Profits up 10% at Greene King

Most popular

Heineken faces China distribution gap - comment

Heineken faces tough battle in China - analysis

Tailor spirits marketing to today's consumer

'Gluten-free' beer for everyone, not just coeliacs

Remy Cointreau rediscovers China balance - comment

MORE
UK brewer and pub operator, Greene King, posted a pre-tax profit before exceptionals of £69.2m for the 53 weeks to May 4, up 10% from last year's £62.8m. The result was in line with analysts' forecasts which had been for profits in the £65m to £70m range.

Turnover at the company rose by 15% from £431.7m to £494.5m. Like-for-like sales from Greene King's managed pubs rose by 3.6% while its tenanted pubs showed a 5% increase in comparable sales. Sales of the company's beer brands, which include Greene King IPA, Abbott Ale and Old Speckled Hen, rose by 5%.

Greene King, which operates 500 managed pubs and has more than 1,000 tenanted outlets, has been expanding steadily beyond its stronghold in the east of England. In 2001, it acquired Old English Inns for £105.2m and recently bought the Oxford-based beer company, Morrells, for £67m.


Related Content

Greene King CEO issues Brexit warning over consumer confidence

Greene King CEO issues Brexit warning over consumer confidence...

In the Spotlight - Greene King

In the Spotlight - Greene King...

UK: Greene King cheers beer profits growth in H1

UK: Greene King cheers beer profits growth in H1...

UK: Greene King, Marston's outperform the beer market

UK: Greene King, Marston's outperform the beer market...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?