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15 October 2007 - RECORD TRADING YEAR FOR HALL & WOODHOUSE
Hall & Woodhouse has announced another record trading year for 2006/7. Profit on ongoing activities, net of financing costs, grew by 10.7% to £8.79m.
In addition, with a 22% increase in volume, Hall & Woodhouse has grown its share in the UK premium bottled ale market to 9.7% and maintains third position in this sector.
This performance has been marked by recent awards from Tesco (supply chain) and Sainsbury’s (market insight); beating stiff competition from across the UK alcoholic drinks industry. The company has also won the prestigious Tesco Drinks Awards a record four times.
David Woodhouse, Managing Director, comments: “These figures are another solid step forward for the company, and vindicate our decision to exit the soft drink and contract production business two years ago to focus on brewing great beer and running excellent pubs.
“Over the past five years, we have nearly trebled ongoing profits, and our quality of earnings continues to improve as we rationalise our pub estate towards freeholds and the market opportunity presented by the growth in eating out.”
Property development and sales continue to produce one-off profits and cash for re-investment, and plans for a new brewery have been submitted as a part of a redevelopment of the company’s Blandford site – a comprehensive scheme that includes proposals for a modern brewing facility, commercial space and up to 200 residential units making use of the existing Victorian buildings.
For more information please contact:
Contact: Andrew Tapscott
Telephone: 01258 452141
Email: andrew.tapscott@hall-woodhouse.co.uk
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