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Fullers swells with London Pride as sales stay foamy.

Brewing-to-hotels group Fullers yesterday toasted a strong performance by its beers which managed to buck the trend of falling sales across Britain.

While sales of cask beers fell by 12 per cent across the UK, Fullers beers showed strong gains.

Its London Pride brand increased its sales by five per cent and Chiswick Bitter rose three per cent. Overall the company increased its share of the cask market to 3.7 per cent from 3.1 per cent.

Fullers' hotel division also saw an increase in capacity last year with the pounds 8.8 million purchase of a Bristol site which the company said will be expanded to 118 bedrooms from its current 93.

And the company will also be converting the White Hart in Kingston into a 37-bedroom hotel.

Pre-tax profits for the year to March were pounds 13.7 million compared with pounds 14.4 million a year earlier.

Turnover was pounds 142.4 million, up from pounds 127.8 million.

Shareholders will receive a final dividend of 9.36p a share.
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Publication:The Birmingham Post (England)
Date:May 27, 2000
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