Service with a smile 21 February 2020 Tom Kemble of the Pass at South Lodge cooks up a pumpkin masterclass and shares why it’s important for chefs to meet their customers
In this week's issue...Service with a smile Tom Kemble of the Pass at South Lodge cooks up a pumpkin masterclass and shares why it’s important for chefs to meet their customers
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The Caterer

Pubmaster adds weight to Punch pre-tax profits

30 November 2004 by
Pubmaster adds weight to Punch pre-tax profits

Punch Taverns unveiled a significant bounce in its pre-tax profits following its purchase of Pubmaster in 2003.

Punch's end-of-year sales to 21 August leapt by 49% to £638m (2003: £429m) and pre-tax profit increased by 38% to £156m, compared with £113m a year ago.

Organic growth, which outstripped the 38 weeks' contribution of Pubmaster, saw like-for-like turnover grow by 2.9% over the past year and profit per pub increase by 3.9%.

The results do not include September's acquisition of InnSpired.

Despite a rapid increase in size over the past few years, to 8,300 pubs, Punch remains committed to growing its estate to 12,000 pubs. It is currently looking at 350 Spirit Group pubs, which are on sale for between £250m and £300m.

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