On Thursday 20 January City Pub Group (LON: CPC) will reveal to investors how well it did in 2021. Strong progress was being made but the second half of December may have held back the outcome.
The pubs operator took advantage of the closure of the pubs during lockdown to streamline its supply chain in order to improve margins. This will also help to offset cost inflation.
Interim revenues fell from £12.1m to £8.9m, while the operating loss was reduced to £1.57m, after the benefit of a £1m insurance claim. The pubs were closed for much of that period.
These will be the first set of f...
