Fuller, Smith & Turner serves up strong annual results

5th Jun 2015 10:48

Pub and brewing group Fuller, Smith & Turner saw its annual profit grow on the back of strong performances across its three divisions.In the year to 31 March, the company reported a 7.76% increase year-on-year in pre-tax profit to £36.1m, while revenue rose 11.6% to £288m.Like-for-like sales grew 6.3% in the managed pubs and hotels division, while the tenanted inns arm saw a 5% increase in like-for-like profit before exceptional items and the group's beer company division reported a 4% rise in beer and cider volumes.The London-listed group said it had made a positive start to 2015, with like-for-like sales in the managed pubs and hotels division rising 5.5% in the first nine weeks of the year, while tenanted inns like-for-like profits were up 2% in the period.However, Fuller registered a slight decline in total beer and cider volumes, which fell 2% in the first nine weeks of 2015."We are looking forward to completing the integration of these new businesses and building for our future," said group chief executive Simon Emeny."We will also continue to invest heavily in our existing pub estate and develop our range of brands."Fuller shares were up 2.22% to 1,082.50p at 11:17 on Friday.