UK: Marston's Plc posts lower-than-expected annual profit

UK pub operator Marston's Plc posted lower-than-expected annual profit on December 6 after the reopening of the economy after months of COVID curbs and said sales were encouraging since start of the current fiscal year.

The company's pre-tax profit was 27.7 million pounds ($33.7 million) for the 52 weeks ended Oct. 2, compared with Refinitiv analysts' estimates of 28.40 million pounds.

It had posted a loss of 100 million pounds a year earlier when UK hospitality firms were hammered by the pandemic.

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