Brewer Fuller, Smith & Turner's full-year pre-tax profit to 1 April fell 13% to £15.3m on sales up 12% at £145.1m.

The group said that all parts of the business continued to do well, with profits up in all areas but profit had been hit by its acquisition of Gales last year.

Anthony Fuller, chairman of Fuller's added: “We take a long term view and so continue to invest in our assets across all business areas, including existing outlets and the brewery to maintain standards and quality."