Greene King has posted strong full year results, achieving record revenue and growth in like-for-like sales. The group's retail revenue exceeded £1BN for the first time, and group revenue increased 5% to £1.313BN, with like-for-like sales growth in the retail business at 0.4%. Other highlights include its Pub Partners business like-for-like net income growth of 3.5% and Brewing & Brands own brewed volume 4.2%. Retained business adjusted earnings per share growth was 9.2%, with the dividend growing 4.8% to 29.75 pence. Return on capital employed improved to 9.3%. The results follow a positive year for the company, which acquired the Spirit Pub Company in June 2015 for £774M, creating the UK's leading managed pub company. The deal allows Green King to further realise its ambition to create a clear industry leader and grow its share of the UK eating and drinking out markets, diversifying the customer offer.
