Punch profits to be hit by smoking ban

05 November 2007 by
Punch profits to be hit by smoking ban

Punch Taverns is expected to unveil a drop in profits on Thursday as the impact of the smoking ban starts to hit home.

According to Scotland on Sunday, Punch's year-end results which will be unveiled on Thursday, will report a slip in pre-tax profits from the expected £285m to £279m.

Britain's largest pub company has already warned that full-year profits are expected to be 2% to 3% lower in the wake of the poor summer weather but one analyst told the paper that there was a "feeling now the real effects of the smoking ban will kick in".

The unnamed analyst said that while there had been a honeymoon period during the summer people were beginning to realise "the smoking ban in reality is a bit of a drag".

Smoking ban to drag down Punch profits (The Scotsman) >>

Smoking ban no ‘significant impact' on Punch >>
Smoking ban round up >>

Punch Taverns >>
Punch Taverns completes major Spirit managed pubs conversion ahead of schedule >>

By Christopher Walton

E-mail your comments to Christopher Walton](mailto:Christopher.Walton@rbi.co.uk?subject=Punch profits to be hit by smoking ban) here.

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