Wetherspoon's profits fall by 20%
Pub operator JD Wetherspoon has suffered a 20% fall in profits over its last six month-trading period.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
In the half-year to 23 January 2005, pre-tax profits dropped from £27.8m to £22.3m, compared with the same period last year.
Chairman Tim Martin said high set-up costs for a central distribution system in Daventry, Northamptonshire, which totalled £2.2m, were partly to blame.
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Wetherspoon's: tougher trading |