Record revenues for brewer but profits dip after investment drive
Manchester brewer JW Lees has today posted its results for the 12 months to March 31, 2018, with turnover at £70.8m (up £3m/+4.5%) and pre-tax profits at £3.9m (down £1.2m/-23.2%).
The Middleton-based business said 2018 was a record year for investment for JW Lees, with capital expenditure of £18.1m including the acquisition of the 52-bedroom Stanneyland’s Hotel in Wilmslow and 20-bedroom Bluebird Inn in Samlesbury.
There were also major investments at The Alderley Edge Hotel, Belmore Hotel Sale, Groes Inn Conwy, Links Ho... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...