Greene King Plc has reported a rise in half-year profits. The brewer and pubs group today posted an increase of 10% in pre-tax profits of £38.6m (US$67m) for the 24 weeks to October 19.
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The company, which brews Old Speckled Hen, Abbot Ale and Greene King IPA and owns almost 1,700 pubs in southern England, said its like-for-like sales at its managed pubs climbed by 3.8%. Sales for the second-half are so far running ahead of target.
Referring to the company’s managed and tenanted pubs and brewing interests, chief executive Tim Bridge told Reuters: “Trading has been encouraging since the start of the second half of the current financial year with all three divisions continuing to perform well.”
Half-year dividends on shares rose by 10% to 9.5 pence per share.
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