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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pubs'n'bars | LSE:PNB | London | Ordinary Share | GB0002934460 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPNB RNS Number : 9335L Pubs 'n' Bars PLC 20 January 2009 Pubs 'n' Bars plc (AIM: PNB) ("Pubs 'n' Bars" or "the Group") Trading Update The Directors of Pubs 'n' Bars, the community public house owner and operator announce that like-for-like revenues over the peak Christmas period were down by 0.4% compared to the same period last year. Taking into account the impact that the recession is having on the wider economy, the Directors consider this to be a satisfactory result. However, revenues for the last quarter of 2008 were down by approximately 2.3% compared to 2007. Conditions in the last quarter were extremely challenging and the Company, along with most other operators, have been experiencing very difficult trading conditions as the economy and consumer confidence deteriorates. The ongoing application of IFRS on the Group's Accounts will continue to have a negative impact on the Group's Income Statement and Balance Sheet for the year ended 31 December 2008. This is separate and in no way impacts on the underlying trade and cash flow of the Group. The licensed trade faces many obstacles apart from the recession. The smoking ban, supermarket cut price sales of alcohol, duty increases, the rising cost of utilities and other operational costs all add to our difficulties. The Directors do, nevertheless, remain confident that running convivial, traditional, non-fashion dependent pubs will prove to be a resilient business with good growth prospects over the longer term. =-END-- Enquiries: Mel Belligero, Chief Executive Pubs 'n' Bars plc Tel: 020 8228 4800 Stewart Dick/Simon Starr Daniel Stewart & Company plc Tel: 020 7776 6550 Maxine Barnes Bishopsgate Communications Ltd Tel: 020 7562 3350 This information is provided by RNS The company news service from the London Stock Exchange END TSTILFELLTIIFIA
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