Captial Pub Company, the London-based managed pub retailer, saw its adjusted pre-tax profit soar by 45% to £2m in its first half, off the back of an 18% growth in revenue to £13.1m. Unveiling its interim results for the 26 weeks to 25 September the group, which operates a freehold estate of 31 pubs in London, said that adjusted ebitda had grown by 18% to £3.5m during the period. It claimed the company was now in a position to grow to an estate of between 45 and 50 sites and reported that sales growth in its first 33 weeks was up by 22%. Clive Watson, chief executive of Capital, said: “This is an outstanding performance which is the result of having a high quality, well maintained estate and incentivised and motivated pub management matching the retail offer to the local community. “Over the last two years we have worked hard on the estate and made strategic acquisitions that have maintained the freehold integrity of our pub portfolio. The business is conservatively financed and is now in a position to self-finance further acquisitions using internally generated cash flow.” Capital reported that net cash generated from operating activities had increased by 42% to £2.7m, up from £1.9m in 2009 and that operating cash flow per share increased 24% to 11.9p. Gearing has dropped to 67%. It added that in November contracts were exchanged to acquire the leasehold of the Goldsmith Tavern in New Cross, London, SE14