September 1, 2015 / 6:41 AM / 2 years ago

BRIEF-Punch Taverns says FY disposal proceeds ahead of guidance

Sept 1 (Reuters) - Punch Taverns Plc

* Expect to report FY underlying ebitda of between £193 million and £200 million

* Full year profits in line with management expectations

* Fy positive like-for-like trends in net income; core estate net income up 0.3%;

* Disposal proceeds ahead of guidance at £89 million, above book value and at a multiple of 26 times EBITDA Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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