Enterprise pre-tax profits down


PRE-TAX profits are down but post-tax profits are up substantially at Solihull-based pub chain Enterprise Inns.

In its preliminary results for the year ending September 30, 2010, the company saw profit before tax and exceptional items drop from £208m to £175m while profit after tax rose from £6m to £26m.

EBITDA before exceptional items were down from £450m to £405m while average net income per pub stable in second half stabilised at £63,900, down from £65,000

source: www.thebusinessdesk.com

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