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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/fuller-profits-lifted-by-food-sales.jpg"><img class="alignnone size-full" title="Pubs and brewing group Fuller, Smith &#038; Turner reported an 11 per cent rise in half-year profits" src="http://londonglossy.com/wp-content/uploads/2010/11/min-fuller-profits-lifted-by-food-sales.jpg" alt="Pubs and brewing group Fuller, Smith &#038; Turner reported an 11 per cent rise in half-year profits"/></a></p>
<p>Pubs and brewing group Fuller, Smith &#038; Turner has reported an 11% hike in half-year profits as efforts to drive hotel business and food sales paid off.</p>
<p>The firm, which is based in Chiswick, west London, said like-for-like sales in its key managed pubs and hotels arm lifted 3.3% during the six months to September 26.</p>
<p>Underlying group profits rose to £15.7 million in the first half and Fuller said it hoped the firm&#8217;s heartland in the south of England would help shield it from much of the impact of Government spending cuts.</p>
<p>Fuller also saw like-for-like profits growth of 1% across its 201 tenanted pubs, marking a turnaround after a tough recent period for the division. And earnings in its brewing operation, which boasts its flagship ale London Pride, lifted 5% as beer sales volumes rose 1%.</p>
<p>But it was Fuller&#8217;s 163-strong managed pubs and hotels arm &#8211; the largest part of the group &#8211; that drove half-year results.</p>
<p>Fuller has focused on higher-margin food and accommodation business to offset a declining drinks market.</p>
<p>Its hotels were the star performers, with sales from accommodation up 11.4% on a like-for-like basis &#8211; now accounting for 7% of total revenue.</p>
<p>Nearly a third of the division&#8217;s revenues come from food sales, up 4.2% in the half-year, while drinks sales were also resilient with a 2.3% increase.</p>
<p>Fuller said the managed pubs performance had improved further since September, with like-for-like sales growth edging up to 3.5% in the 33 weeks of the year so far.</p>
<p>Michael Turner, chairman of Fuller, said he was mindful of pressure on customers from Government austerity measures as well as the impending increase in VAT to 20%.</p>
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