J D Wetherspoon & # 39; s annual profit jumps with 16.5 percent Agricultural raw materials

14 Sept. (Reuters) – British pub chain J D Wetherspoon Plc's profit for the full year rose by 16.5 percent because it saw more customers during the World Cup and a record heat wave.

Profit before tax after exceptional items increased to £ 89 million ($ 116.7 million) in the year ending July 29, from £ 76.4 million a year earlier. Like-for-like sales increased by 5 percent.

The company, which owns and operates more than 900 pubs in the UK and Ireland, said it has made a reasonable start on the current fiscal year, but it was expected that taxes, labor and interest costs would exceed the previous year's level. would come true. ($ 1 = 0.7627 pounds) (Reporting by Muvija M and Justin George Varghese in Bengaluru; Editing by Sai Sachin Ravikumar)

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