British pub group Marston's rises on strong Christmas booking, higher FY profit

Marstons

03/12/2024 08:15

** Shares of pub group Marston's  MARS.L  up 4.5% at 42.05p
    ** Co says Christmas booking are ahead of last year
    ** FY underlying pretax profit jumped 64.5% to 42.1 mln
pounds ($53.32 mln)
    ** Revenue in the year rose 3% to 898.6 mln pounds, while
like-for-like sales were up 4.8% 
    ** Sees additional cost pressures following the UK budget,
but considers them "manageable"
    ** Marston's stock up ~24%, YTD


    ($1 = 0.7896 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))