Pub firm Marston's lifts profits by 10 per cent
PUB and brewing firm Marston's has served up a 10 per cent hike in underlying profits to £91.5m.
The Hobgoblin brewer highlighted its new-build programme as its key driver of growth, revealing that it has added 25 pubs to its overall 1,600 strong estate in its current year.
Marston's, which opened new-build pubs in Ravenscraig, Stirling and Balloch in its most recent financial year, saw revenue grow by seven per cent to £845.5m, according to preliminary results for the 52 weeks ended October 3. Shares in Marston’s were up nearly three per cent in morning trading.
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