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."
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by RTT Staff Writer
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