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Heavitree Brewery PLC - Exeter, England-based pub company - Pretax loss falls to £479,000 in the six months to April 30, from £1.5 million a year prior. Operating profit declines by 4.0% to £503,000 from £524,000. Revenue is virtually flat at £3.5 million. Profit on sale of property, plant and equipment declines to £2,000 from £1.0 million. Heavitree recommends an unchanged interim dividend of 2.75 pence per share. Chair Nicholas Tucker says: ‘There was much media coverage following the named storm I referred to earlier that hit in January, and which was particularly violent around the South Hams area. Our Start Bay Inn at Torcross suffered damage to the thatch and the surfacing of the beer garden patio and car park. Many other properties on either side of our pub were damaged, and also the A379 road which broke apart between Torcross and Slapton. Unfortunately, this has resulted in a diversion for people travelling to and from Dartmouth to Torcross as well as to our other pubs in Stokenham and Beesands. ‘The Start Bay was quickly repaired after the weekend of the storm and has continued to trade despite the obvious inconveniences and concerns for the loss of the road link. We are grateful to our highly experienced and determined tenants for their resilience and to the customers for their on-going support.’ The firm says: ‘We have had a positive start to the year exceeding our budget expectations despite the continued rise in costs for the hospitality sector. The factors affecting the sector and business in general with the Iran war having a significant impact on all sectors have been factored when forecasting for the second half of the financial year.’ Current stock price: 216.00 pence 12-month change: up 39% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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