BREWER Shepherd Neame posted record results – but said it remained nervous about the impact of tax hikes this year.
The firm, which brews Spitfire and Bishops Finger, sold more than 49m pints in the 26 weeks to December 26 as pre-tax profits rose by 38% to £4.9m.
Strong growth in beer volumes helped push revenues 8% higher to a record £60.8m.
But with a general election looming – as well as measures to tackle the UK’s huge deficit – Shepherd Neame also warned of uncertain prospects this year.
It said: “We remain cautious about the impact on consumer expenditure of further potential rises in excise duty, VAT and other taxes over the next year or two and by the impact of further potential regulation.”