Spirit Pub Company leased estate remains weak

Spirit Pub Company, which was spun off from Punch Taverns last August, boosted profit and started dividend payments but its leased estate division remained a weak spot.

Spirit Pub Company, which was spun off from Punch Taverns last August, boosted profit and started dividend payments but its leased estate division remained a weak spot.

The group, which operates chain pubs including Fayre & Square, Chef & Brewer and Taylor Walker, said pre-tax profit rose 16% to £51m for the 52 weeks to August 18th 2012 while EBITDA for the period climbed 5% to £146m. Earnings per share rose 21% to 5.8p.

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