12/02/1999
An exceptional credit of £270,000 enabled the Devon pub chain to lift pre-tax profits by £310,000 to £2.18m in the year to the end of October. Underneath though trading remained pretty flat. Turnover rose only £220,000 to £9.85m and operating profit actually fell by £45,000 to £2.10m. Earnings per share rose 5.9p to 24.9p. The family company lifted the final dividend by 0.5p to 5p, making a total payout of 8.5p for the year. This was 1p higher than last time.
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