November 19, 2019 / 7:44 AM / 19 days ago

Ei Group reports annual loss after tax

Nov 19 (Reuters) - Pub operator Ei Group Plc, which has agreed to be bought out by Slug and Lettuce pub chain owner Stonegate for 1.27 billion pounds, on Tuesday reported a full-year annual loss after tax.

Ei Group, which operates around 4,000 pubs in the UK, reported a loss after tax of 209 million pounds ($270.95 million) for the year ended Sept. 30, compared to a profit after tax of 72 million pounds a year earlier, as it took some one-off charges related to its property portfolio.

Underlying revenue for the company, which said that the new financial year has started well, rose to 724 million pounds from 695 million pounds.

$1 = 0.7714 pounds Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shounak Dasgupta

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