Greene King toasts strong rise in sales and profits

Chief executive Rooney Anand: "We have doubled our food turnover since the credit crunch began."

Related Stories

Pubs, restaurants and hotels business Greene King has said that its focus on offering "value for money" helped it to report a strong rise in sales.

In the half-year to 14 October its like-for-like sales, which strip out the impact of new openings, rose 4.3%.

Pre-tax profits at the company, which owns the Loch Fyne and Hungry Horse chains, increased by 7.1% to £82.7m.

The Suffolk-based business employs 22,000 people, and has more than 2,298 pubs, restaurants and hotels.

Revenues rose 7.3% to £566.2m and the firm said it had also focused on keeping a "tight control of costs".

Its chief executive Rooney Anand said: "While we continue to see a challenging environment for the UK consumer, our strategy has been tailored for these conditions - we provide our customers with 'everyday treats' and value for money."

Douglas Jack, analyst at brokers Numis Securities, said Greene King's latest results was "a good performance given that it occurred during a record wet summer".

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Mukesh SinghNo remorse

    Delhi bus rapist says victim shouldn't have fought back

  • Aimen DeanI spied

    The founder member of al-Qaeda who worked for MI6

  • Before and after shotsPerfect body

    Just how reliable are 'before and after' photos?

  • Lotus 97T driven by Elio de AngelisBeen and gone

    A champion F1 designer and other notable losses

  • A poster of Boris Nemtsov at a rally in St Petersburg, Russia, 1 MarchWho killed Nemtsov?

    Theories abound over murder that shocked Moscow

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.