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Punch sees profits and sales fall

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PUB giant Punch Taverns has reported a fall in pre-tax profits and sales.

The Burton-based pub company, which owns 4,529 leased pubs, of which about 150 are in Derbyshire, this morning reported that profits had fallen from £76.3 million to £64 million in the year to August 18 - a drop of £12.3 million.

Sales also fell to £491.7 million, compared with £521.7 million in 2011 - a difference of £30 million.

Punch has blamed the disruption caused by the de-merger from Spirit Pub Company last year and the wet summer.

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