Heavitree Brewery Reports Profit Growth Amidst Market Challenges

An update from Heavitree Brewery ( (GB:HVT) ) is now available.

Heavitree Brewery PLC reported a 2% increase in turnover to £7.498 million for the year ending October 2024, with a notable 35% rise in operating profit. Despite the positive financial performance, the company faces challenges from increased business rates and changes to National Insurance contributions, impacting staffing costs. The Board announced a 10% increase in the final dividend, reflecting confidence in the company’s prospects. Significant personnel changes were made with the appointment of a new Managing Director and Finance Director, ensuring a smooth leadership transition.

More about Heavitree Brewery

Heavitree Brewery PLC is a company operating in the brewing industry, primarily focusing on managing pubs and related properties. Its market focus includes maintaining a high standard for its properties while navigating the challenges of rising building costs.

YTD Price Performance: -1.79%

Average Trading Volume: 341

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £9.69M

For a thorough assessment of HVT stock, go to TipRanks’ Stock Analysis page.