Camerons, the Hartlepool-based brewer and pub operator, has reported a “solid” performance for the year to 1 May 2011, with underlying profits in line with the previous year. There were falls in both turnover (down 3.1% to £68,024,547) and pre-tax profit (down 48.3% to £1,546,582) after £1.4m of profit was added to the previous year’s accounts from the sale of its free trade and wholesaling business to Coors in 2007. Overall, profit was £787,209 (2010: £2,101,343), with operating profit at £3,520,950 (2010: £5,082,848). Camerons described its performance as “solid” with “underlying profits in line with [the] prior year”. One outlet was sold in the period, and another afterwards, leaving it with 72 pubs as of 22 October 2011. The company said that extra contract brewing business and a “resilient” recent performance at its pubs “means that the directors anticipate significant growth at both the ebitda and profit before tax level” for the current financial year. The number of employees fell by 76 to 168, although employment costs declined just 2.2% to £4,577,137, with directors’ salaries up £224,710 to £970,722. The salary of the highest paid director increased by £94,903 to £397,794. The company’s net debt at the year-end was £34,546,078 (2010: £36,958,883).