Profits up for Suffolk brewer

Greene King's profits rise by 7% Credit: Press Association

Suffolk based brewer Greene King has announced a 7% rise in pre-tax profits to £82.7 million.

The company, which is based in Bury St Edmunds, has an estate of more than 2,000 pubs, restaurants and hotels and employs 22,000 people. It owns the Loch Fyne, Old English Inns and Hungry Horse chains.

Greene King's premium ale brand Old Speckled Hen saw volume growth of 5.9% against a premium ale market up 1.8% while Greene King IPA, the cask ale brand, achieved volume growth of 2.2%, in a standard ale market down 5%.