Charles Wells has announced an increase of 4% in operating profit before exceptional costs alongside a steady programme of investment in its assets.
The Bedford-based brewer and pub operator recorded an operating profit of £8m in its annual accounts for the year to September 2015, attributed to steady sales margins and strong cost control across the group. Turnover rose by £1.7m to £188.9m in the same period whilst total borrowings were reduced from £51.2m to £49.8m.
CEO Justin Phillimore (pictured) said: “The year has been one of steady progress in many areas. Improved sales were driven by new products and marketing promotions, with Young’s London Stout and Estrella Damm demonstrating particularly effective marketing and vigorous sales.
“I am confident that the hard work and commitment of everyone at Charles Wells will drive development of our beer brand and pub portfolio even further, ensuring that the consumer remains at the heart of everything we do.”
