Pub group JD Wetherspoon has revealed its profits rebounded further over the past year, as strong customer demand helped boost revenues. The company revealed that pre-tax profits jumped by 73.5 per cent to £73.9 million for the year to July 28, compared with the previous year.
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00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
00:07The pub group J.D. Weatherspoon has revealed its profits rebounded further over the past
00:12year as strong customer demand helped to boost revenues.
00:18The company revealed the pre-tax profits jumped by 73.5% to £73.9 million for the year to
00:26July 28th compared with the previous year. It came as revenues grew by 5.7% to £2.04
00:34billion driven by a 7.6% rise in life-for-life sales.
00:40The improved rate of sales at its pubs was slightly offset by a decrease in its number
00:43of pub sites after the group sold 18 pubs and terminated the lease on a further nine.
00:50It also opened two sites.
00:52Here's an update this morning from Weatherspoons which has seen its profits rebound further.
00:58My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.