INTERIM RESULTS 2007/8

SHEPHERD NEAME LIMITED
ANNOUNCEMENT OF INTERIM RESULTS

Shepherd Neame, the Kent-based brewer and pub operator, today announces results for the six months ended 29th December 2007.

Highlights include:

• Turnover up 3.7% to £52.4m (half year 2006 : £50.6m)
• Operating profit up 0.7% to £5.7m (half year 2006: £5.6m)
• Profit before tax down 2.3% to £4.7m (half year 2006: £4.8m)
• Earnings per share down 3.5% to 27.5p (half year 2006: 28.5p)
• Dividend up 5.8% to 4.55p per £1 ‘A’ Ordinary Share
• Tenanted estate like for like contribution was up 0.6%.
• Managed house like for like sales were down 1.7%.
• Publican Awards Regional Brewer of the Year 2008

Jonathan Neame, Chief Executive of Shepherd Neame, commented:

“Shepherd Neame has delivered a solid and resilient performance over the past six months against a challenging background of subdued consumer spending, significant pressure on input costs, impact from the smoking ban and a wet summer during 2007.  We believe the current difficult trading conditions will persist throughout 2008 but we are investing in the business for the long term and are confident that the quality and profile of our pubs and brands will enable the company to continue to outperform the market.”

Click here for the full press release in PDF format
Click here for the interim statement in PDF format - Colour
Click here for the interim statement in PDF format - Monochrome