Oxfordshire brewer and pub owner WH Brakspear is celebrating a continuing increase in sales of cask beer.

The family-owned company, based in Henley, said business was stable despite the turmoil hitting other long-established names in the industry.

Pre-tax profits for the year to December 31 were up by 1% to £3.9m after a big restructuring in 2000, Brakspear said. Turnover climbed by 6% to £16.2m while underlying operating profit was up 14% to £3.6m.

Brakspear's chairman, Mike Foster, said: "In the longer term, the current fluidity in the industry will in time open up more radical opportunities for growth," he said.

Sales of Brakspear's cask beers, such as its bitter and seasonal ales, were up 6% in a declining market, while total volumes were up 25%.