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Wetherspoon H1 profit dips as higher costs hit margins
date:Mar 18, 2013
British pubs group JD Wetherspoon posted a 2.7 percent fall in first-half profit as higher costs and falling margins dampened rising sales of its value-led deals.

The firm, which has over 800 pubs in Britain, said on Friday pretax profit for the 26 weeks to Jan. 27 was 34.8 million pounds ($52.38 million), down from 35.8 million pounds a year ago. Revenue rose 10 percent to 626.4 million pounds, with underlying sales up 6.9 percent.

Higher costs in areas such as tax and food pushed its margin

12/25 21:19