Spitfire brewer sells more beer
Kent brewer Shepherd Neame has issued a moderately upbeat assessment of its current trading.
The Spitfire and Bishops Finger brewer says volumes of its own beers grew by 3.6% in the 48 weeks to May 28.
Full annual results will be announced in October. “Whilst we remain cautious about the general state of the economy, the company expects to announce performance in line with market expectations,” the trading update said.
Shepherd Neame took out a five-year loan of £15 million in May 2009, £5m of which has been repaid during the current financial year.
The company operates 360 pubs and said like-for-like sales in its managed houses is up by 7.7%.