Brewer Greene King has reported a 25% increase in full-year pre-tax profit before exceptional items to £119.6m, on sales up 16% at £818.6m.
In full-year results to 30 April, the brewer also said that it had had a strong performance in all of its divisions.
In its brewing division, Greene King said that all of its lead brands had performed strongly, with volume sales of Greene King IPA up 3%, Old Speckled Hen up 10% and Abbot Ale up 5%.
It added that despite very intense price competition, particularly in the off-trade, it had maintained its focus on quality brands, trading at a premium to their category, and taken a measured approach to price promotions.
Rooney Anand, chief executive of Greene King, said: “There have been significant developments across all areas of Greene King over the last year and this is reflected in these record results.”
He added: “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.”
In full-year results to 30 April, the brewer also said that it had had a strong performance in all of its divisions.
In its brewing division, Greene King said that all of its lead brands had performed strongly, with volume sales of Greene King IPA up 3%, Old Speckled Hen up 10% and Abbot Ale up 5%.
It added that despite very intense price competition, particularly in the off-trade, it had maintained its focus on quality brands, trading at a premium to their category, and taken a measured approach to price promotions.
Rooney Anand, chief executive of Greene King, said: “There have been significant developments across all areas of Greene King over the last year and this is reflected in these record results.”
He added: “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.”
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