Tuesday, September 29, 2009

Enterprise Inns profits hit by financial aid for struggling pubs

Enterprise Inns has revealed that continued financial support for struggling pubs is draining its overall profits but the rate of closures is slowing.
In a pre-close trading statement, the pubco said its core estate has demonstrated resilience during tough trading conditions but profitability has been hit by financial support for struggling licensees, business failures and temporary management agreements

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