Fuller_Smith

Fuller, Smith & Turner, a UK-based company operating brewery, hotels, pubs, bars and wine shops, has reported £253m in revenues for the 52-week period ended 31 March 2012, an increase of 5%, compared to £241.9m for the 53-week period ended 31 March 2011.

Adjusted earnings per share were increased by 7% to 39.82p in 2012, compared to 37.36p in 2011.

Adjusted profit before tax was £30.3m for the 52-week period ended 31 March 2012, 3% increase, compared to £29.3m for the 53-week period ended 31 March 2011.

Profit before tax including non-trading items decreased from £31m in 2011 to £28.8m in 2012.

Reported basic earnings per share was 42.13p for the 52-week period ended 31 March 2012, compared to 44.12p for the 53-week period ended 31 March 2011.

EBITDA was up 3% to £47.8m in 2012, compared to £46.6m in 2011.

Operating profits increased 2% to £9m for the 52-week period ended 31 March 2012, compared to £8.8m for the 53-week period ended 31 March 2011.

Fuller’s chairman Michael Turner said they have laid strong foundations for future growth following capital investment of £75m across the business, which included the acquisition of 30 carefully selected pubs.

"Over the last five years our adjusted earnings per share have grown 44%, which is testament to the success of our long term strategy," Turner said.

"With our pub estate based in London and the South East and London Pride as our flagship beer, we aim to give our customers a wonderful summer to remember."

Image: Fuller, Smith & Turner is a UK-based company and operates brewery, hotels, pubs, bars and wine shops. Photo: Fuller, Smith & Turner PLC