Strong performance from Greene King
Strong performances across all its divisions has underpinned an excellent set of results for the year ended 30 April 2006 at East Anglia’s leading brewery, Greene King plc.Strong performances across all its divisions has underpinned an excellent set of results for the year ended 30 April 2006 at East Anglia’s leading brewery, Greene King plc.
Unhindered by the Scottish smoking ban, pre-tax profit for the Bury St Edmunds firm was up 25 per cent to £119.6m (2005: £95.7m) on the back of a 16 per cent rise in revenue to £818.6m (2005: £707.5m).
As well as the strong divisional performance, Greene King said its acquisitions were now fully integrated and delivering targeted synergies, its balance sheet remained strong and flexible and that it was well prepared for smoking bans in Scotland and England.
Rooney Anand, Greene King chief executive, said: “The new financial year has started well and our pubs are also benefiting from the targeted plans that we put in place for the World Cup.
“The intrinsic quality of our assets, combined with the passion and talent of our team, along with recent acquisitions, give us confidence that there are exciting opportunities to deliver further growth in the future.”