Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Spirit Pub Posts 28-week Pre-tax Profit Of £19.4 Mln - Quick Facts

Spirit Pub Company plc (SPRT.L) posted 28-week pre-tax profit of 19.4 million pounds, as against a loss of 116.5 million pounds in the prior year. Excluding non-underlying items, pre-tax profit was up 7% to 19.5 million pounds from last year's 18.3 million pounds. Earnings per share for the period were 2.54 pence, with underlying earnings per share amounting to 2.19 pence.

Revenue for the 28 weeks ended March 3, 2012 increased to 393.6 million pounds from 378.1 million pounds in the earlier year period. Additionally, the company said it remains on track to deliver its full-year expectations, as well as announced its inaugural interim dividend of 0.65 pence per share.

Chief Executive stated, "We have delivered further strong growth in Managed sales and margins through continued investment in our brands, our estate and our people supported by strong cost control. The Leased business has performed in line with our expectations and we have built a strong management team to drive performance improvement."

Click here to receive FREE breaking news email alerts for Spirit Pub Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.