1st Sep 2006 07:00
Greene King PLC01 September 2006 1 September 2006 GREENE KING plc AGM TRADING STATEMENT Trading for the 13 weeks to 30 July 2006 has been positive and in line withexpectations. Total like-for-like sales in Pub Company, our managed pubs division, were up by5.0% on the prior year, in part boosted by the World Cup. Total like-for-likesales in Pub Partners, our tenancy and lease division, were up by 1.0%. Brewing Company enjoyed strong beer volumes during the World Cup and hotweather. Lager sales were particularly good, and own brewed volume grew by 1%. In Scotland, trading has continued to be variable since the imposition of thesmoking ban, with a net result of total like-for-like retail sales down 2.4% inthe 13 weeks to 30 July, which is better than we had anticipated. Within thisoverall result, we have been encouraged by the growth in food revenues,important for the future development of the business. Margins have remained robust across all four divisions. As previously announced, the schemes of arrangement in respect of Hardys &Hansons plc and Hardy Hanson Holdings Ltd, by which Greene King will acquirethose companies, were approved by the requisite majorities of their respectiveshareholders at shareholder meetings on 15 August. The schemes are expected tobecome effective on 5 September. ENDS. For further information: Greene King plc Rooney Anand, Chief Executive Tel: 01284 763222 Ian Bull, Group Finance Director Financial Dynamics Ben Foster Tel: 07776 240 806 Charlie Watenphul Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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