Greene King Posts Rise In Adjusted Pretax Profit, Lifts Dividend

Greene King PLC

reported a rise in its adjusted pretax profit and raised its dividend. Greene King posted a pretax profit of 105.2 million pounds ($180.463 million) during the fiscal 2014 year-end, down from GBP111.0 million, in the year-ago period. Its revenue surged to GBP1.30 billion from GBP1.19 billion. On an adjusted basis, pretax profit climbed 9.4% to GBP173.1 million. Greene King lifted its dividend by 6.8% to 26.6 pence per share. Greene King shares fell 4.45% to close at $28.53 yesterday.