Fuller, Smith and Turner returns to profitability in H1
Pre-tax profits rose to £10.6m from a previous year’s loss of £23m and was boosted by steady growth in Central London pubs
Fuller, Smith and Turner pub group has revealed that it has returned to profitability for the 26 week period ending 25 September 2021.
Pre-tax profits rose to £10.6m from a previous year’s loss of £23m and was boosted by steady growth in Central London pubs.
Revenue and other income also grew to £116.3m from £45.6m with managed like-for-like sales during the seven weeks to 13 November 2021 at 90% of 2019 levels.
Simon Emeny, chief executive, said: “Christmas bookings are in good shape and there is clearly a continued appetite from our customers to get out and socialise with friends and family.
“During the second half of the year, we will continue to develop our business through investment in property and infrastructure. We are pleased with the steady growth we are seeing across our pubs and hotels and we will benefit as international tourists return and office workers continue to head back to their desks and colleagues.”
He added: “Our vision and strategy are clear, consistent and relevant. We have a well-balanced business in both style and geography and we have a first-class team of dedicated people right across the company. Fuller’s has, and always will have, a long-term view and a strategic plan that reflects that – and we will continue to deliver it.”
