Profits jump for Suffolk brewer

SUFFOLK-based pubs and brewing group Greene King to reported a 25% jump in annual profits after a year of two successful acquisitions.The Bury St Edmunds company said the integration of Essex brewer Ridley's and Scottish-based Belhaven, both acquired last summer, had progressed wellGreene King, which expanded again last month with the addition of Nottinghamshire-based Hardys & Hanson, reported turnover of £818.

SUFFOLK-based pubs and brewing group Greene King to reported a 25% jump in annual profits after a year of two successful acquisitions.

The Bury St Edmunds company said the integration of Essex brewer Ridley's and Scottish-based Belhaven, both acquired last summer, had progressed well

Greene King, which expanded again last month with the addition of Nottinghamshire-based Hardys & Hanson, reported turnover of £818.6million for the 12 months to April 30, up 16 on the previous year, with pre-tax profits rising to £119.6million.

The group, whose beers include Greene King IPA, Abbot Ale, Old Speckled Hen and Ruddles County, added that the new financial year had got off to a good start with like-for-like sales at its managed pubs


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division up by 5.3% in the first eight weeks - largely due to the World Cup.

For the full story on Greene King's 2005-06 results, see tomorrow's EADT.

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