Enterprise Inns making progress

SOLIHULL-based pub company Enterprise Inns has reported “significant progress” in its attempts to move towards growth in net income.

Its preliminary announcement for the year ending September 30 shows EBITDA before exceptional items of £340m (2011: £366m) and improving performance trends across the whole estate, with like-for-like net income down 1.2% (2011: 4.3% down).

The firm has gathered in £208m in  net proceeds from disposals and its sale and leaseback programme while strong cash generation has red... For the full story register now for free or login below...