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
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT