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%.
UK: Profits up 10% at Greene King
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.
July 5, 2002