Tag Archive | "S.A.Brains"

SA Brain Sees Operating Profits Slide By A Third

SA Brain Sees Operating Profits Slide By A Third

Welsh brewer's numbers hit by sale of free-trade drinks distribution business Welsh brewer SA Brain has reported turnover for 2009 down nine per cent with trading hit by the sale of its drinks distribution business. No longer selling third party products wholesale to free-trade accounts meant operating profits fell by 36 per cent to £4.7m, the result of being "impacted by disruption and carrying costs post sale of the business" to Scottish & Newcastle (S&N) last year, the brewer said. Pre-tax profits for the year to September 30, 2009, given a boost by the sale of the distribution business, were up 77.1 per cent at £10.4m. Earnings before interest, tax, depreciation and amortisation as a percentage of turnover rose to 14.1 per cent from 13.3 per cent. Brains, which operates more than 250 pubs across Wales, the Midlands and the West Country, said its managed pub like-for-like sales fell 1.3 per cent. Managed house food and accommodation sales rose 10 per cent and 42 per cent respectively [...more]

Announcements, Beer, News Comments (0)

Saturday, December 16, 10:18 pm

Search by Tag