Fuller's grows wine division
Fuller's, the London brewer and pubs operator, has reported a big increase in profits, helped by a strong performance from its wine division.
Fuller's, the London brewer and pubs operator, has reported a big increase in profits, helped by a strong performance from its wine division.
Pre-tax profits rose 11% to almost £17m in the six months to September 25, while revenue increased by 6% to just over £24m.
Chairman Michael Turner said: "Our wine business continued to grow its volumes, with a particularly strong performance coming from sales through our direct delivered free trade. Our one-stop-shop, offering premium products and a premium service is increasingly attractive to independent free traders looking to stand out in a tough market."
Like-for-like sales in the managed pubs and hotels arm rose 3.3% during the six months to September 26. The increase was attributed to a focus on higher-margin food and accommodation business.
Keywords:
Search
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
