TIDMPNB 
 
RNS Number : 9335L 
Pubs 'n' Bars PLC 
20 January 2009 
 
 
 
Pubs 'n' Bars plc 
 
 
(AIM: PNB) 
 
 
("Pubs 'n' Bars" or "the Group") 
 
 
Trading Update 
 
 
The Directors of Pubs 'n' Bars, the community public house owner and operator 
announce that like-for-like revenues over the peak Christmas period were down by 
0.4% compared to the same period last year. Taking into account the impact that 
the recession is having on the wider economy, the Directors consider this to be 
a satisfactory result. However, revenues for the last quarter of 2008 were down 
by approximately 2.3% compared to 2007. 
 
 
Conditions in the last quarter were extremely challenging and the Company, along 
with most other operators, have been experiencing very difficult trading 
conditions as the economy and consumer confidence deteriorates. 
 
 
The ongoing application of IFRS on the Group's Accounts will continue to have a 
negative impact on the Group's Income Statement and Balance Sheet for the year 
ended 31 December 2008. This is separate and in no way impacts on the underlying 
trade and cash flow of the Group. 
 
 
The licensed trade faces many obstacles apart from the recession. The smoking 
ban, supermarket cut price sales of alcohol, duty increases, the rising cost of 
utilities and other operational costs all add to our difficulties. The Directors 
do, nevertheless, remain confident that running convivial, traditional, 
non-fashion dependent pubs will prove to be a resilient business with good 
growth prospects over the longer term. 
 
 
 
 
=-END-- 
Enquiries: 
 
 
Mel Belligero, Chief Executive 
Pubs 'n' Bars plc                                   Tel: 020 8228 4800 
Stewart Dick/Simon Starr 
Daniel Stewart & Company plc                Tel: 020 7776 6550 
 
 
Maxine Barnes 
Bishopsgate Communications Ltd            Tel: 020 7562 3350 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTILFELLTIIFIA
Pubs 'n' Bars (LSE:PNB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Pubs
Pubs 'n' Bars (LSE:PNB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Pubs