May 15, 2019 / 6:42 AM / 3 months ago

Marston's half-year profit rises on cost control, acquisitions

May 15 - Pub operator Marston’s Plc said on Wednesday acquisitions and lower administrative costs helped it post a 2% rise in its half-year underlying pretax profit.

The Wolverhampton-based company, which brews ales such as Lancaster Bomber, Brakspear and Mansfield, said underlying revenue rose 5% to 553.1 million pounds ($713.66 million) for the 26 weeks ended March 30.

The company also said momentum was maintained in the second half of the year on strong Easter sales.

$1 = 0.7750 pounds Reporting by Karina Dsouza in Bengaluru; Editing by Shounak Dasgupta

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