Pub and restaurant operator Whitbread has reported a near 30 per cent rise in its pre-tax profits in the last six months, reports the Publican
Reporting half year financials to September 2, the Beefeater and Brewers Fayre-owner said total revenue was up 14.5 per cent to £805.4m from £703.3 in the previous six months.
Over the same period, like-for-like sales were up 7.8 per cent.
Profits before tax were £151.8m – up 28.4 per cent from £118.2m.
Whitbread chairman Anthony Habgood said the increase was down to the company adapting its business model to offer more value deals during the recession.
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