Mitchells & Butlers Reports H1 Pretax Profit Flat With Last Year - Quick Facts

(RTTNews) - Mitchells & Butlers plc (MAB.L, MLB) reported pretax profit of 68 million pounds for the 28 weeks ended 12 April, 2014, flat with prior year. Profit for the period decreased to 53 million pounds from 55 million pounds. Earnings per share was 12.8 pence, compared to 13.4 pence.

Before exceptional items and other adjustments, pretax profit increased to 77 million pounds from 74 million pounds, and earnings per share was 14.5 pence, compared to 14.4 pence.

Revenue rose year-over-year to 1.02 billion pounds from 991 million pounds. The Group said its total revenues increased by 2.5% as a result of growth in like-for-like sales as well as the contribution from new pubs and restaurants. Total like-for-like sales increased by 1.1%, with growth from both food and drink sales, the Group said.