logo
Share SHARE
FONT-SIZE Plus   Neg

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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
'Booth babes' will not be seen at the RSA Conference scheduled to be held next month, as the exhibitors have added a new clause to its rules that ban revealing clothes. Although, RSA did not use the term "booth babe," its contract clearly explains that staff deployed at booths should wear business... Election fever has gripped the UK as Prime Minister David Cameron on Monday urged his people to prudently choose either a prosperous future under his Conservative Party or economic ruin under the Labour Party headed by Ed Miliband. Fast food giant McDonald's Corp. (MCD), reportedly plans to serve its breakfast menu for the whole day. According to a CNBC report citing analysts from Janney Capital Markets, McDonald's is planning to test serve breakfast for the whole day at select locations starting in the next few months. "Our...
comments powered by Disqus
Follow RTT