Greene King profits up despite wet summer
Pub operator Greene King today shrugged off the impact of this summer's dismal weather to report a healthy rise in half-year profits.
The only cloud on the horizon was uncertainty over consumer spending next year, said chief executive Tim Bridge, although he stressed the company remained well placed to cope with any changes.
Overall, pre-tax profits in the six months to 17 October rose by 15% to £44.4m, on a 22% increase in turnover to £314.4m.
The figures include a contribution for the first time from the 432-strong Neighbourhood pub chain, which Greene King bought from Laurel for £654m in August.
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Greene King's pubs put in a strong showing |