Page last updated at 09:59 GMT, Saturday, 22 August 2009 10:59 UK

Real ale revival boosts profits

A thirst for real ale has helped a Suffolk brewer return to profit, despite gloomy predictions for 2009.

Southwold-based Adnams said it had bounced back from a "very difficult year" in 2008.

The group has reported pre-tax profits of £882,000 in the six months to 30 June, against losses of £148,000 over the same period last year.

Adnams said it performed better than it had expected and had seen a rise in demand for the real ale market.

In April, it feared 2009 would be a bad year after reporting a 64% slump.

Future downturn

Sales volumes of cask beer rose 1% across the industry in the half-year and Adnams said it sold 2% more of its own beer in the period, despite overall beer sales falling 5.3%.

Turnover increased by 3% to £23.4m, with the group assisted by the spring and early summer sunshine in lifting business.

Jonathan Adnams, chairman of the firm, said he was pleased with the results but remained cautious.

"It is clear that we face a period of considerable economic uncertainty," he said.

"Whilst we have seen some revival after a gloomy start to 2009, it is quite possible that we will see another downturn in the not-too-distant future."



Print Sponsor


SEE ALSO
Adnams suffers slump in profits
06 Apr 09 |  Suffolk
Brewer Adnams in profit warning
27 Jan 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific