Expanding pub estate brings cheer to Belhaven

14 December 2004 by
Expanding pub estate brings cheer to Belhaven

The Belhaven Group, Scotland's leading regional brewer and pub operator, turned in another "sparkling" set of half-year figures this week, putting it on course for a 14th year of continuous growth.

In the 26 weeks to 26 September, the group boosted pre-tax profits to £9.7m, up by 27% compared with the same six-month period last year. Turnover was £56.78m, an increase of 20.4%.

Much of the growth came from the expansion of the pub estate, which grew by a net 26 outlets to 255 sites, of which 98 were managed and 157 were leased.

While the drinks division boosted operating profit by 10% to £5.06m, it was outshone by the pubs arm, where operating profits soared 32% to £7.52m.

Belhaven's managed estate was the star performer, increasing its profit contribution by 38.9% to £5.46m and turnover by 38.8% to £20.98m. The tenanted side increased both turnover and profit by 29%, to £6.76 and £3.51m respectively.

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