UK: Greene King Plc is leading to record results

Greene King Plc announced on July 6 its final results for year to 1 May 2005. Company’s turnover increased by 33% to £732.6m. EBITDA up by 39% to £189.7m. Trading profit up 39% to £155.7m. Profit before tax + 14% to £94.0m. Adjusted earnings per share + 14% to 91.5p. Dividends per share + 10% to 36.3p. This year Greene King IPA became the Number One cask beer brand in the UK.

Chief Executive, Rooney Anand, comments: ‘Last year was one of significant progress for the group leading to record results. The acquisition of Laurel, its successful integration and an improved funding structure have made Greene King a stronger business. Trading in the current year has begun well for all three of our divisions and is in line with expectations. We have a proven strategy that delivers value for our shareholders and there are exciting opportunities to deliver further growth in the future.’