• FY net profits up 13% to GBP6.2m (US$10.1m)
  • Net sales rise 2.8% to GBP138.7m
  • Operating profits increase 4.3% to GBP20.5m. 
  • Beer volumes up 6.1%
The Kent-based brewer and pub operator saw record profits

The Kent-based brewer and pub operator saw record profits

Shepherd Neame, the UK brewer and pub operator, has reported a “record” year for operating profits helped by strong growth from its brewing operations.

The Kent-based firm said net profits in the 12 months to the end of June rose by 13% to GBP6.2m (US$10.1m), after sales increased by 2.8% to GBP138.7m. Operating profits in the period climbed by 4.3% to GBP20.5m.

Beer volumes in the 12 months were up by 6.1% to 281,000 brewers' barrels. It also reported a "very strong performance" from its pub estate. 

The company said it saw “strong growth” from its Bishop's Finger, Whitstable Bay brands and Samuel Adams Boston Lager, which it brews under licence. Shepherd Neame also brews Asahi Super Dry and Oranjeboom Pilsner under contract. 

“I am pleased to report strong trading across all parts of the business, which has resulted in record EBITDA for the year," said chief executive Jonathan Neame.

“We have the right strategic framework and skills within the business, as well as a good pipeline of product innovation and pub developments, to continue this year’s progress and exploit the opportunities of this ever changing market.”    

The company said a "reorganisation" of the business had been completed successfully. In July last year, the firm announced a restructure, including a "very limited" number of redundancies

To read the company's full statement, click here.