Record profit growth for Greene King

13 July, 2007

Greene King's off-trade volume sales have grown 6.5 per cent since last year.

The Suffolk brewer made a pre-tax profit of 139.8 million in the year to April 29

- 17 per cent up on the year before.

Old Speckled Hen grew its market share by 0.3 per cent, and in the multiple retailers it increased its market share from 9.8 per cent to 10.3 per cent. Greene King said Nielsen data showed its value share of ale grew by 0.5 per cent to 8.8 per cent.

Chief executive Rooney Anand said he was pleased the company had seen strong performances across all divisions.

"These record results are another step

of uninterrupted profit growth in over four decades," he said.

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I would like to think my outlook on things is generally optimistic. Perhaps that’s a natural consequence of working with something designed to give pleasure. But recently it has become increasingly difficult to ignore a creeping sense of negativity pervading the British wine trade.

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