July 27, 2020 / 6:41 AM / 12 days ago

City Pub Group sees profits returning since reopening

FILE PHOTO: A pint of beer is poured into a glass in a bar in London, Britain June 27, 2018. REUTERS/Peter Nicholls/File Photo

(Reuters) - City Pub Group (CPC.L) said on Monday it traded profitably in its first three weeks after opening, but revenues were just 63% of the equivalent period last year.

The British pub operator, which has reopened 32 of its 48 pubs since July 4, posted total sales of 1.8 million pounds and said it intends to reopen all of its pubs in the next two months, or earlier if social distancing measures are eased further.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr

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