Revenues have grown by four per cent at Birmingham pub group Mitchells & Butlers after expansion through acquisition .
Sales at M&B, which has profited from a focus on food income, rose to £1.97 billion in the year to September 27.
The group, which said it had profited from the acquisition of 173 largely freehold pubs from the Orchid Group in June, saw pre-tax profit dip slightly, from £142 million last year to £123 million this.
M&B, which owns brands such as Harvester and O'Neills, remains saddled with debt, with its current debt pile standing at £1.96 billion.
Alistair Darby, chief executive, said: “In the last year we have made significant progress, investing in the business for future growth. We completed the acquisition of Orchid, accelerated remodel and expansionary capex and have made a substantial investment in our systems. At the same time we have maintained our focus on the delivery of our four key priorities. In the year ahead, we will continue these actions.
“The business is gathering momentum and we have made an encouraging start to the year. We expect to benefit further from these investments during this financial year.”
