Pub company Greene King celebrates productive year
Pub Partners, the leased and tenanted division of Greene King, outperformed its managed counterpart last year.
In a pre-close statement, Greene King said total like-for-like sales had increased in the 51 weeks to 23 April by 2.1% year-on-year at Pub Partners.
At the managed Pub Company division, total like-for-like sales increased 1.8% during the period.
Total beer volumes were also up by 7%, with Old Speckled Hen ale the star performer.
Rooney Anand, Greene King chief executive, said: "Trading across the group has been positive and we remain on course to achieve a successful outcome to the year."
During the year the company consolidated its finances, issuing £600m of new bonds while paying off another to make the cost of borrowing for new acquisitions cheaper.
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By Chris Druce
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