StockMarketWire.com - The City Pub Group posted a large rise in year-to-date sales as more sites went live.

Sales for the 19 weeks to 12 May rose 35% on-year, the company said ahead of its annual general meeting.

'We have enjoyed continued strong momentum since the start of the year,' executive chairman Clive Watson said.

'Whilst still early in the year, the board believes the group is well-placed to meet its expectations for the year as a whole.'

' We have a range of excellent and high-quality new sites that we have acquired to come on stream.'

'We are continuing to seek further pubs in Southern England and Wales to build the estate and achieve our target of 65-70 sites by mid-2021.'

'We enjoy a strong balance sheet which enables quick and decisive decision making to purchase development sites or existing trading sites that can be improved in a softening market for acquisitions.'



At 2:29pm: [LON:CPC] City Pub Group Plc share price was +2.5p at 230p



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