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Profits creep up at Greene King in H1 numbers after World Cup success

29 November 2018 by
Profits creep up at Greene King in H1 numbers after World Cup success

Greene King looks set to deliver on its full-year results after its H1 figures showed an uptick in revenues of 1.9% to £1.05b and a slight rise in profit before tax of 0.2% to £128m.

Like for like sales in managed pubs rose by 2.7% in week 24 for the period up to 14 October, while pub company sales were up by 1.6% in total, standing at £850.3m.

The average take per pub stood at £20,600, up 4.0%, a success the company said in part lay with the good weather and World Cup boost experienced in the summer.

CEO Rooney Anand said in the statement: "we have seen continued positive momentum in Pub Company, which was sustained beyond the boost of the World Cup and the summer weather.

The statement added that the company is "‘looking forward. Christmas bookings are up on last year and we look forward to ensuring customers have a great time celebrating the festive season in our pubs."

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Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

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