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JD Wetherspoon’s property profits fall

JD Weatherspoon has posted a 27.6% rise in pretax profit to £102.8m, with contributions from property profits falling from £5.3m to £2.8m..

In the 53 weeks to 30 July the chain opened 10 pubs, with 41 closed, resulting in a trading estate of 895 pubs at the financial year end.

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