Pub Group JD Wetherspoon has posted a 'reasonable' set of results for the half year ended December 31st, with a 10 per cent rise in revenue, like-for-like sales up 6.9 per cent, but pre-tax profit down 2.7 per cent.
The group said its biggest threat continues to be the VAT disparity between supermarkets and pubs and the continuing imposition of stealth taxes.
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"Taxation and input costs will continue to rise, but, overall, the company continues to aim for a reasonable outcome in the current financial year," Tim Martin, the Chairman of the group said.
More to follow ...
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