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Brewer Greene King's full-year profit beats expectations

Published 01/07/2015, 07:32
Updated 01/07/2015, 07:32
© Reuters.  Brewer Greene King's full-year profit beats expectations

(Reuters) - British pubs operator Greene King Plc (L:GNK) reported a better-than-expected full-year profit and said its retail business generated revenue of more than 1 billion pounds for the first time.

The group, which operates almost 1909 pubs, including Hungry Horse, as well as breweries, reported a pretax profit of 168.5 million pounds for the 52 weeks ended May 3.

That compared to analysts' estimate of 166.76 million pounds, according to Thomson Reuters I/B/E/S.

Revenue rose 3 percent to 1.31 billion pounds.

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