Pub operator considering acquisitions
Pub operator Maclay Inns has seen sales creep up one per cent to £10.7 million despite a tough licensed trade market.
Operating profits grew 26 per cent to £930,000 after tight controls on margins and expenses in the 12 months to October 2, 2010.
Steve Mallon, managing director, said: “2010 was a difficult year for the trade in Scotland.
"The recession has had a major impact on business however we have continued to make progress despite this.
"Underlying pressure on raw material and labour costs added further challenges to profits, however the whole team at Maclay Inns rose to the challenge and delivered sales growth and cost reductions.
"The outlook for 2011 remains tough but we are confident that we can continue to lead the business through these challenging times and we anticipate a good year ahead of us."
The Alloa company is planning to add to its 26 venues across Scotland in 2011.
Mallon added: "Investment in the estate is also scheduled in the year ahead with acquisitions planned which will enhance earnings in future years."
Maclay's pubs include the Lansdowne Bar in Glasgow and the Auld Hundred in Edinburgh.