Punch hit by 5% income fall but confident of expectations

MIDLAND pubco Punch Taverns has said it expects profit performance to be in line with management expectations despite net income in its core estate falling 5%.

In a trading update the firm said that average profit per pub is stable and the performance had been achieved despite challenging market conditions.

“Whilst the average quality of the estate is expected to improve as we sell non-core assets, the core estate net income is expected to decline in the current financial year in line with that experienc... For the full story register now for free or login below...