Fuller's cautious despite profits rise

11 June, 2010

Brewer Fullerís has issued a cautious statement about the year ahead, despite turning in a record set of results for the year to March 27.

The company saw a 4% rise in its take-home beer volumes and overall sales in the Fullerís Beer Co were 7% ahead before exceptional items at £8.9 million, with revenue up by a similar amount at £97.9 million.

Fullerís group pre-tax profits before exceptional items was up 17% at £26.6 million, on an 8% rise in revenue at £227.7 million.

Chairman Michael Turner said: ďWith the UK national debt so large and measures to tackle this through tax rises and public spending cuts now being implemented by the new government we remain very cautious about the outlook for the UK economy.

ďWe may technically have emerged from recession and the economy may no longer be contracting, but with the prospect of personal taxation in our target market rising further and disposable incomes reducing there may be less leisure spend available in real terms.Ē




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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