Company Profile For Punch Taverns PLC

Punch Taverns plc is a United Kingdom-based pub company. The Company is engaged in the operation of public houses under either the leased model or as directly managed by the Company. The Company operates in two business segments: punch partnerships, a leased estate and punch pub company, a managed estate. Punch Partnerships is the Company’s leased division, comprising 6,841 pubs nationwide. Punch Pub Company is its managed division, comprising 835 pubs nationwide. The leased model involves the granting of leases to tenants who operate the pub as their own business, paying rent to the Company, purchasing beer and other drinks from it and entering into profit sharing arrangements for income from leisure machines. Pubs that are directly managed involve the employment of a manager to operate each managed pub and the Company receives all revenues generated by the pub and is responsible for costs. The Company’s subsidiaries include Punch Taverns (PGE) Limited and Safe Jumper Limited.

BRIEF: For the twenty eight weeks ended 7 March 2009, Punch Taverns plc's revenues decreased 6% to £767.9M. Net loss totaled £122.4M vs. a profit of £87M. Revenues reflect lower income from Leased and Managed business segments. Net loss reflects the increase in depreciation, amortization & impairment expenses, decrease in share of post tax profit from joint ventures, a decrease in operating margin and an increase in finance costs.