Enterprise Inns delivers results in line with expectations

ENTERPRISE Inns said it was confident of resuming dividend payments in the medium term after reporting full-year results in line with expectations.

By The Newsroom

Published 16th Nov 2010, 08:23 BST

Enterprise, which has 6,820 pubs across Britain, made a pre-tax profit before exceptional items of 175m in the year to September 30, down from 208m the year before.

"We have delivered creditable results, hard won stability and genuine operational improvements in difficult circumstances," said chief executive Ted Tuppen.

"The economic environment is set to remain challenging and we do not underestimate the impact of the government's austerity measures and fiscal tightening which will affect both our licensees and their customers," he said.

Shares in Enterprise Inns, which have risen by more than 30 per cent since August 25, closed on Monday at 109.6p, valuing the business at 555m.

Britain