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
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.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here