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JD Wetherspoon H1 Pretax Profit Rises; LFL Sales Up 6.1% - Quick Facts

Wetherspoon (JD) PLC (JDW.L) reported profit before tax of 54.3 million pounds for the 26 weeks ended 28 January 2018 compared to 39.9 million pounds, prior year. Earnings per share was 39.2 pence compared to 27.2 pence.

First-half profit before tax and exceptional items increased by 20.6% to 62.0 million pounds from 51.4 million pounds, last year. The Group said the improved performance in the period was due mainly to strong sales and the sale of some lower-margin pubs. Earnings per share, including shares held in trust by the employee share scheme, and before exceptional items, increased by 35.2% to 45.7 pence from 33.8 pence. Earnings-per-share growth was higher than profit growth, mainly as a result of share buybacks.

First-half revenue was 830.4 million pounds compared to 801.4 million pounds, prior year, an increase of 3.6%. Like-for-like bar sales increased by 5.7%, food by 6.9% and fruit machines by 4.6%.

The board declared an interim dividend of 4.0 pence per share for the current interim financial period ending 28 January 2018. The interim dividend will be paid on 31 May 2018 to those shareholders on the register at 4 May 2018.

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