Independent Cornish brewer and pub operator St Austell has reported a ‘record year’ of trading for 2015, with a 7.9% increase in turnover and 7.6% increase in operating profit.
Turnover for the company rose to £137.4m during the 53 weeks to 2 January 2016, with operating profit before other items sitting at £13.5m. The brewer – whose beer brands include Tribute and Proper Job, currently operates 169 pubs.
Will Michelmore, non-executive chairman of St Austell Brewery, said: 'St Austell Brewery invested £16.6m during 2015 on capital expenditure, of which £8.6m was on new acquisitions. The company has also continued its investment in its production facilities and in refurbishing and improving its pubs and hotels.'
'I am delighted to report another year of significant progress in all of our operating divisions,' added chief executive James Staughton. 'Looking ahead, we have the skills and ambition to pursue future opportunities as they arise and to achieve our five-year strategy of delivering great distinctive experiences through product and service excellence and innovation.'
Picture by James Ram