Marston’s focus on reducing debt

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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 indicatio...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.