Adnams, the Suffolk brewer and pub operator, has reported “reasonable progress” in its most of its activities in 2012 despite difficult market conditions. Giving an update on trading in 2012 at its AGM today, the company said: “Adnams cautioned in its 2011 accounts that economic uncertainty seems greater now than at any recent time. "So far in 2012 we have seen no notable shocks and though market conditions have not been easy we have been able to make reasonable progress in most of our activities.” Its own pub estate has continued to trade “reasonably well”. Adnams is contemplating “a small number of disposals”. Own beer volumes “have held up reasonably well” in 2012 and sales of beer to pubs have “held their own”. “We have been pleased with new distribution deals including distribution of our 2.7% alcohol beer, Sole Star, within the national trade,” Adnams said. Take-home sales “were strong last year and have continued to perform well”, while lower occupancy levels in its hotels continued in 2012. Adnams continued to grow its top line in its shops division despite a “tough” retail market. “We are concentrating on improving the performance of each outlet, with a particular emphasis on our new shops. We plan to open a new Cellar & Kitchen store in Norwich in the near future. “We remain cautious about the outlook for 2012, but our long-term focus will not change,” said Adnams. In March the company reported a 15% rise in profit pub, while turnover climbed to £54.6m (2010: £50.9m), for the year to the end of 2011. Operating profit climbed by 2.8% to £3.27m during the year, while like-for-like sales increased 13% across its shops. Pre-tax profit for the year stood at £1.3m (2010: £2.8m), after the group incurred an exceptional charge of £1.7m during the year.