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Jennings celebrates 5.5% growth

24 February 2005 by
Jennings celebrates 5.5% growth

Pub operator and brewer Jennings has announced a 5.5% jump in turnover for the five months to January 2005.

The group said that like-for-like operating income at its 128 leased and tenanted pubs in the North of England had grown by 5% over the period.

Jennings also runs a brewery in Cockermouth, Cumbria, which saw turnover growth of 5.6%, compared with the same period in 2004.

The group expected pre-tax profits for the year ending 26 February to be in line with market expectations at £3.2m, compared with £3m in 2003, with turnover hitting the £18.9m mark (£17.2m in 2003).

The spokesman added that the group planned to spend £5m next year expanding the business.

by Tom Bill

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