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| JD Wetherspoon posts 4.1% rise in pre-tax profits | JD Wetherspoon posts 4.1% rise in pre-tax profits |
| (35 minutes later) | |
| JD Wetherspoon, one of the UK's biggest pub chains, has seen its pre-tax profits rise 4.1% in the first half of its financial year to £37.5m. | JD Wetherspoon, one of the UK's biggest pub chains, has seen its pre-tax profits rise 4.1% in the first half of its financial year to £37.5m. |
| Takings rose by 9% to £744.4m in the six months to 25 January. | Takings rose by 9% to £744.4m in the six months to 25 January. |
| JD Wetherspoon's food sales rose 10.1%, suggesting that the company's focus on the daytime food and drinks market is delivering results. | JD Wetherspoon's food sales rose 10.1%, suggesting that the company's focus on the daytime food and drinks market is delivering results. |
| The company will cut the price of its filter coffee to 99p or less for its morning customers in around 880 pubs. | |
| JD Wetherspoon runs more than 920 pubs around the country. The company has also said that it will reduce the price of its breakfasts from next week. | |
| "Our aim is to triple coffee and breakfast sales over the next 18 months," said JD Wetherspoon chairman Tim Martin. | |
| Competition from supermarkets continues to weigh on the company's profits, according to its chairman. | |
| "Our profit was under pressure from areas which included increased competition from supermarkets and increased pay and bonuses for pub staff," said Mr Martin. | |
| JD Wetherspoon has been criticised for employing 80% of its staff on zero-hours contracts. | JD Wetherspoon has been criticised for employing 80% of its staff on zero-hours contracts. |
| The pub chain has said that it has allocated £15.3m in bonuses and free shares to employees, up from £14m the previous year. 83% of the bonuses and shares were paid to its workers. | The pub chain has said that it has allocated £15.3m in bonuses and free shares to employees, up from £14m the previous year. 83% of the bonuses and shares were paid to its workers. |
| Like-for-like bar sales increased 1.5%. | Like-for-like bar sales increased 1.5%. |