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Trading statements

Enterprise Inns on track

11 August 2016 07:35

Enterprise Inns reports an encouraging trading performance with like-for-like net income in its leased and tenanted business up 1.9% in the 44 weeks to 30 July 2016 and all aspects of the strategic plan on track.

The group says the trading performance and expansion of its managed house operations is progressing well and it expects to have in excess of 100 managed houses operational by 30 September. In addition, it continues to grow its portfolio of quality commercial properties and expects to have in the region of 300 such properties by the financial year-end.

Chief executive Simon Townsend said: "We are pleased to have maintained our trading momentum through the second half of the year to date. The consequences of Brexit may be far-reaching but to date we have seen no discernible impact on consumer spending and no consequential impact on our trading performance. Whilst mindful of the potential for some economic uncertainty in the months ahead, we are confident in our strategy and the actions we are taking to grow value for shareholders, and we remain on track to deliver our financial and strategic expectations for the year."

Story provided by StockMarketWire.com

Related Company: ETI

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