Categorized | Beer, News

Marston’s Reports Fall In Annual Profits

marstons-plc

Marston’s PLC (UK) has reported a 72 per cent fall in annual profits but said it is optimistic about the future, having experienced improved trading in recent weeks.

For the year ending October 3rd 2009, the brewery and pub chain made a pre-tax profit of £21.4 million, a significant fall from last year’s £76.2 million.

The company announced that, despite these short comings, it plans to build 60 new pubs over the next three years.

Ralph Findlay, chief executive at Marston’s, said: “Although we are cautious about predicting recovery, we have good pubs and popular regional ales which are performing well. We have a strong platform to make further progress over the coming year.”

The report showed revenue and profit growth in own-brewed beer volumes (eight per cent).

Marston’s brands include the beers Old Empire, Burton Bitter and Pedigree, which is brewed with natural spring water from Burton and traditional varieties of barley and hops.

Over 41 million pints of the 4.5 per cent ABV ale, which is still brewed in oak casks, are sold every year.

Tags | , , ,

Sunday, September 24, 8:56 am

Search by Tag