Marston's proposed an interim dividend of
The pub manager and alcohol wholesaler posted a pretax loss of
Marston's posted an exceptional charge of
The company said that it expects to make further progress during the remainder of the year, with second-half performance boosted by the football
It will continue to lobby for wider tax cuts, and it awaits the outcome of the
Revenue was driven by a performance from the company's Destination and Premium businesses, and its Brewing business. However, operating margin declined 1%, as increased lower profits from its franchised business offset higher margins in its Destination and Premium business.
Marston's opened 11 new pub-restaurants during the half year, and said it was on track to build at least 27 new pubs during the year. It converted 65 pubs during the first half as part of its strategy to build a "higher quality" pub estate.
The pub chain said it is looking to build 25 to 30 pub-restaurants each year, with an annual investment of
Marston's said that its second half had started well, with Destination and Premium pubs seeing sales growth of 5.4% in the year to date. Tavern sales grew 3.7% in the to date.
"We are beginning to see some evidence of consumer confidence returning in the regions, leaving us confident of making positive progress for the remainder of the year," said Chief Executive
Shares in Marston's were trading down 0.1% at
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