Pubs operator and brewer Marston’s (LON: MARS) interim results on Wednesday 15 May will provide some indication of its progress in reducing borrowings and like-for-like trading.
Underlying interim pre-tax profit is expected to rise by 2% to £37m, with full year pre-tax profit forecast to improve from £104m to £108m.
Borrowings
Marston’s had net debt of £1.39bn at the end of September 2018. Net assets were £957.6m. It is expected to edge up at the half way stage, but there could be indications of potential reduction in the full year. The target is net debt of £1.2bn by the end of September...
