Mitchells & Butlers Swings To Profit

Mitchells & Butlers PLC

swung to a fiscal-year profit from a loss in the year-ago period. Mitchells & Butlers posted its earnings at 125 million pounds ($195.4 million), or 30.5 pence per share, versus a loss of £84 million, or 20.6 pence, in fiscal 2010. Its earnings before special items dropped to 27.7 pence per share from 29.4 pence per share. Its revenue dropped to £1.8 billion from £1.98 billion.