Profits were up at Fuller’s this last financial year, despite a slight drop in beer and cider volumes.

Adjusted profit before tax for the group as a whole were up 5% to £42.9 million (2016: £40.9 million).

This was on revenues up 12% to £392.0 million (2016: £350.5 million).

Revenues in the the Fuller’s Beer Company rose by 17% to £147.9 million (2016: £126.8 million).

This was principally due to the full year effect of the acquisition of wholesale drinks supplier, Nectar.

View excluding Nectar were down by 2%. Operating profit rose 5%, to £8.0 million (2016: £7.6 million).

Simon Enemy, CEO of Fuller’s, explained: “We continue to see a shift to higher margin beers and ciders and it is only the impact of Nectar, our specialist craft beer wholesaler, that has caused the overall margin to fall.

“One of the top performers during the year was Frontier Craft Lager, which saw volumes Increase by 27% and capped off the year by picking up the 2017 International Beer and Cider Award for Champion Draught Lager.

“This prestigious award reinforces the appeal of this fantastic beer, which continues to gain new fans across the UK and Beyond.”