Greene King he East Anglian-based brewer and pubs group, is expected to report pre-exceptional pretax profits of between £62m and £64m, up around 16%, when it announces its preliminary results for the year to April 2001 on Wednesday.
Trading for Christmas and the new year saw sales up 6.5%, while cumulative like-for-like sales in the managed pubs for the 36 weeks to January 6 were up 1.5%. The tenanted pubs showed a 5.4% rise in like-for-like sales over the 36-week period.
The group's own-brewed ales also continued to do better than the market generally, with sales of IPA and Abbot up 8% and 14% respectively.
The stockbroker Williams de Broe expects pre-exceptional pretax profits of £63m, which would give earnings of about 64.7 pence a share.
Teather & Greenwood is also looking for profits of £63m, but it says another acquisition is needed if the momentum of earnings growth is to continue into 2001-02.
Trading for Christmas and the new year saw sales up 6.5%, while cumulative like-for-like sales in the managed pubs for the 36 weeks to January 6 were up 1.5%. The tenanted pubs showed a 5.4% rise in like-for-like sales over the 36-week period.
The group's own-brewed ales also continued to do better than the market generally, with sales of IPA and Abbot up 8% and 14% respectively.
The stockbroker Williams de Broe expects pre-exceptional pretax profits of £63m, which would give earnings of about 64.7 pence a share.
Teather & Greenwood is also looking for profits of £63m, but it says another acquisition is needed if the momentum of earnings growth is to continue into 2001-02.
