Greene King delivers solid interims but remains cautious

Pub operator Greene King has delivered solid interim results driven by a good performance from its retail division, although warned that trading conditions are likely to remain challenging for the rest of the year.

Pub operator Greene King has delivered solid interim results driven by a good performance from its retail division, although warned that trading conditions are likely to remain challenging for the rest of the year.

For the 24 weeks ended October 14th, revenues grew 7.3% to £566.2m (H1 2012: £527.5m) driven by 10.9% growth in retail, which now generates 72% of group sales.

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