Enterprise Inns Pretax Profits in Line With Expectations
Enterprise Inns Plc today that it's Board expected pretax profit and earnings per share to be in line with its expectations. It announced in a statement that "weighted average EBITDA per pub has increased by more than 5% over the past year.' This despite of increases in rent levels.
With respect to the changes in licensing laws, Enterprise Inns said that it had made little difference to their trade but had helped reduce alcohol related disorder.
Enterprise Inns also announced an increase in its share buy back programme as a result of recent refinancing and the sale of 760 pubs to Admiral Taverns for £318.
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