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
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.