SA Brain, the Welsh brewer, said it had generated a turnover in excess of £100m for the first time, marking a 13% rise compared with the year-earlier period. Turnover for the year to 30 September 2004 was £108.1m, up from £96m the previous year. Profits before tax rose 14% to £8.2m from £7.2m in 2003. Volume sales growth increased by 1.1% and the company's managed house pub estate delivered sales growth of 17.5%. Food sales at the company's managed estate grew by 25% while the tenanted estate grew by 4%. The company refurbished 38 of its managed pubs in the last year as well as making two acquisitions and redeveloping 16 of its tenanted pubs. The figures mark the fifth consecutive year of growth for the brewer. Scott Waddington, chief executive, said: "We delighted that our business plan and continued investment have delivered results that are ahead of expectation, in spite of a growing number of challenges.” Commenting on the company's prospects, Waddington said: "We support new licensing legislation and believe that greater flexibility will be a positive move for the industry. And while we have entered the debate over smoking in public places in a positive way, we are deeply concerned over the prospect of a unilateral ban in Wales. "We believe such a move would threaten the viability of smaller pubs and clubs and the jobs and livelihoods that they support."

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