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Business performanceLatest NewsEconomics, government & business

JD Wetherspoon on track to open 50 more pubs

by Personnel Today 11 Mar 2010
by Personnel Today 11 Mar 2010

JD Wetherspoon looks set to continue its programme of expansion after reporting first half-profits of £36.2m.

The pubs operator announced it would restore the dividend payments that it suspended one year ago after the recession sparked a collapse in trade.

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The group said that it was on track to open 50 more pubs in the coming financial year, the Times reported.

Chairman Tim Martin said: “As a result of our sales, profits and free cashflow, together with our continued efforts to improve every area of the business, I remain confident of our future prospects,”

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